NGI The Weekly Gas Market Report / NGI All News Access

EnronOnline Pumps Up Commodity Services

EnronOnline Pumps Up Commodity Services

Enron's interstate natural gas pipelines soon will begin offering capacity on EnronOnline, a breakthrough transportation service that has never been done before. With its Transwestern Pipeline leading the way, Enron said last week the pipeline would be the first to offer capacity for bidding through an open season on EnronOnline, its electronic transaction platform. Bidding will begin next week.

"The use of EnronOnline to market interstate transportation capacity represents a major step forward as our pipelines look for new ways to use e-commerce to better serve our customers," said Stan Horton, chairman of Enron Gas Pipeline Group. "This innovative approach to marketing pipeline capacity clearly benefits both interstate pipelines and customers."

Initially, Transwestern will offer 20,000 Dthd of firm capacity for the month of July. An open season conducted through a sealed bid process will begin this Thursday at 8 a.m. CST, and will close June 26 at 2 p.m. CST. All bidders will be notified of acceptance or rejection of their bids by 4 p.m. CST the same day.

The Transwestern system consists of approximately 2,400 miles of pipeline, with east-west delivery capability of 1.7 Bcf/d.

"By offering capacity services through our online service, we are offering our commodity transportation customers everything they need in one place," said Enron's Gina Taylor. "It's just one more option to put everything in one place, and to help make everything easier."

Several of Enron's other pipelines, including Northern Natural Gas, Northern Border Pipeline and Florida Gas Transmission (FGT), also plan to offer interstate services on the e-commerce platform in the "near future," according to officials.

Two Enron pipelines, Houston Pipe Line and Louisiana Resources Pipeline pipe have not committed to the interstate capacity service but may do so in the future.

Since it was launched, EnronOnline has completed more than 140,000 transactions overall, valued at more than $62 billion Taylor said. Enron officials claim that EnronOnline is the world's largest Internet site, with more than $50 billion in transactions in less than seven months of service.

©Copyright 2000 Intelligence Press, Inc. All rights reserved. The preceding news report may not be republished or redistributed in whole or in part without prior written consent of Intelligence Press, Inc.

Copyright ©2018 Natural Gas Intelligence - All Rights Reserved.
ISSN © 2577-9877 | ISSN © 1532-1266
Comments powered by Disqus