Awaiting

Taking the view that its approved liquefied natural gas (LNG) terminals awaiting construction in Louisiana and North Baja can access gas supplies literally anywhere in the world, Sempra Energy has talked with “everyone in the world that has stranded supplies and would like to look at the United States as a marketplace,” according to Don Felsinger, who heads Sempra’s global business unit.

Taking the view that its approved liquefied natural gas (LNG) terminals awaiting construction in Louisiana and North Baja can access gas supplies literally anywhere in the world, Sempra Energy has talked with “everyone in the world that has stranded supplies and would like to look at the United States as a marketplace,” according to Don Felsinger, who heads Sempra’s global business unit.

Jurors deliberating for the ninth day in Arthur Andersen LLP’s obstruction of justice trial were awaiting a ruling by the presiding Houston judge Friday afternoon that may offer crucial guidance in determining a decision of guilt or innocence. Judge Melinda Harmon was asked by the jurors to rule on whether they all must agree on which individual at Andersen acted corruptly when the firm destroyed Enron Corp. records last fall.

Enron Corp. offered some good news to former employees awaiting payment for business expenses, unused vacation and health claims. It said Friday that the U.S. Bankruptcy Court of New York, which is handling its case, will allow it to make payments to former employees, and said it was “now in the process of calculating vacation payments for former employees and anticipates that it will make payment by late February 2002.” The court has approved payment for unused vacation days subject to the $15,000 cap and also has authorized full payment of pre and post-petition expense reports and health benefits, subject to Enron’s regular approval policies.

Much of the market seemingly was put on hold Tuesday as flat to slightly higher numbers prevailed. Tropical Storm Chantal continued to recede as a potential threat to Gulf production, and hot weather demand remained generally light outside the Texas-Louisiana Gulf Coast and Midcontinent areas. Mostly, though, the market was reported as very quiet as the trading community awaited this afternoon’s first release of new AGA storage data since last week’s bombshell of a low volume.

Deep drilling in the southwest end of California’s central SanJoaquin Valley is awaiting more testing work to prove that backers’claims of substantial new oil and gas supplies below 15,000-footdepths are, in fact, commercially available.

Deep drilling in the southwest end of California’s central SanJoaquin Valley is awaiting more testing work to prove that backers’claims of substantial new oil and gas supplies below 15,000-footdepths are, in fact, commercially available.

The cash market went into a general stand-pat mode Wednesday,awaiting developments on the tropical storm, cold weather andstorage fronts. Nearly all points were united in seeing littleprice movement either up or down.

Natural gas pipeline carrier Enogex Inc. is awaiting a report,which could be released today, from the Oklahoma CorporationCommission (OCC) and the Oklahoma Attorney General’s office of itsallegations that it was wrongly disqualified from the biddingprocess that Oklahoma Natural Gas Co. uses to select transmissionservices for its customers.