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Calypso Eyes LNG Pipe from Bahamas to Florida

Calypso Eyes LNG Pipe from Bahamas to Florida

Calypso Pipeline, a subsidiary of Enron Global LNG, asked FERC last week for permission to build a $132 million pipeline that would transport up to 832,000 MMBtu/d of regasified liquefied natural gas (LNG) from the Bahamas to an interconnect with Florida Gas Transmission (FGT). According to Calypso's application, the project would provide Florida consumers with "the opportunity to diversify their gas supply options with the installation of minor additional pipeline facilities."

The LNG also could be transported from the 54-mile offshore pipeline to the national pipeline grid through the FGT connection, the project sponsors said. Calypso's proposal includes 36 miles of 24-inch offshore pipeline and 5.8 miles of 24-inch onshore pipe, connecting into FGT's Fort Lauderdale system.

The Federal Energy Regulatory Commission was asked by Calypso to issue a preliminary determination on the non-environmental issues of its application by November 2001, and to issue a final certificate by May 2002. The entire project, with approvals, has a projected in-service date of Oct. 1, 2004, according to Calypso, which also would offer firm transportation service under rate schedule FTS and interruptible service under rate schedule ITS. The firm service would only have a reservation rate, Calypso said, because there are no identifiable variable costs associated with the project. The interruptible rate would be based on a 100% load factor derivative of the firm service rate, it said.

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