Dire

With the understanding that it’s no secret the state of Floridais in dire need of new natural gas-fired electric generatingfacilities and increased gas supply to support them in the nearfuture, Enron reported plans to construct an estimated $300 millionliquefied natural gas (LNG) terminal and facility in the Bahamasand a 90-mile gas pipeline from the facilities to the coast ofFlorida, said Habiba Bayi, a spokeswoman for Enron.

The Energy Information Administration (EIA) again raised itswholesale and retail gas price projections for the winter andconfirmed that gas storage levels at the end of December were lowerby 10% than the previous record low set in 1976.

The Energy Information Administration (EIA) again raised itswholesale and retail gas price projections for the winter andconfirmed that gas storage levels at the end of December were lowerby 10% than the previous record low set in 1976.

The dire predictions that natural gas pipelines will be burdenedwith monstrous amounts of unsubscribed capacity as they enter thenew millennium don’t appear to be coming true. First Natural GasPipeline Co. of America reported it had sold out 99% of itstransportation capacity, and Tennessee Gas Pipeline announced lastweek it has sold out 80% of its 5.9 Bcf/d capacity for servicebeginning Nov. 1 of next year.