Gulfstream Natural Gas System has disclosed it is working on two new expansion projects to take capacity of its line from 1.1 million Dth/d to at least 1.25 million Dth/d. The projects would cost about $135 million and $100 million. Beyond a short financial disclosure notice on its electronic bulletin board (EBB), however, the company is not yet discussing details of the projects.

Implementation of the two proposed expansion projects may require additional compression at Station 100 in Coden, AL and new compression facilities at Station 200 in Florida, according to the EBB notice. The notice was described “as part of a disclosure document that will be circulated to various parties in connection with a potential financing arrangement.” It said the company has entered into a conditional agreement for the first expansion and is “pursuing another potential prospect for an expansion.”

The conditional agreement includes a long term contract for the remainder of its current capacity. In June, after the completion of its Phase II extension, which extended the range of the 691-mile pipeline into eastern Florida (see Daily GPI, Feb. 2), Gulfstream had subscribed capacity of about 700 million Dth/d, including 350 million Dth/d for two Florida Power & Light power generating stations under a 23-year agreement (see Daily GPI, July 24, 2003) The Gulfstream system begins in Mobile, AL, crosses under the Gulf of Mexico, comes ashore near Tampa, FL, and previously had ended in central Florida.

A spokesman for the line — owned equally by Duke Energy and Williams — said management is not prepared to provide any more details at this time.

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