Executed

Cheniere Energy Inc. announced Thursday that its affiliate, J&S Cheniere S.A. (“J&S”) has executed a time charter for its second LNG Vessel. J&S signed a time charter agreement for up to ten years with Kawasaki Kisen Kaisha, Ltd. (“K-Line”) to charter a new-build 145,000 cubic meter capacity LNG Vessel being constructed by Kawasaki Shipbuilding Corp. The vessel is expected to be delivered in the fourth quarter of 2007. In August of 2003 J&S chartered its first LNG vessel, the Tenaga Empat. In January of 2004 J&S signed a transportation agreement for the Tenaga Empat and has been actively transporting LNG cargoes into the US & Europe. Houston-based Cheniere Energy is developing Gulf Coast LNG receiving terminals near Sabine Pass, LA and near Corpus Christi, TX. Cheniere is also a 30% limited partner in Freeport LNG Development, L.P., which is developing an LNG receiving terminal in Freeport, TX.

Crescent Point Energy Trust said that it has executed agreements to acquire all of the issued and outstanding shares of a private Alberta-based oil and gas company for a total consideration of C$81 million, which includes the assumption of C$4 million of net debt.

Crescent Point Energy Trust said Monday that it has executed agreements to acquire all of the issued and outstanding shares of a private Alberta-based oil and gas company for a total consideration of C$81 million, which includes the assumption of C$4 million of net debt.

Due to a strong performance from its energy marketing and trading segment, in addition to asset sales, Williams announced 2Q2003 unaudited net income of $269.7 million, or 46 cents per share on a diluted basis, compared with a net loss of $349.1 million, or a loss of 68 cents per share, for the similar period of 2002.

Due to a strong performance from its energy marketing and trading segment, in addition to asset sales, Williams announced 2Q2003 unaudited net income of $269.7 million, or 46 cents per share on a diluted basis, compared with a net loss of $349.1 million, or a loss of 68 cents per share, for the similar period of 2002.

Dynegy Inc. announced Tuesday that it has executed definitive documentation with 26.5% shareholder ChevronTexaco Corp. to complete a stock restructuring. The transaction was announced in mid-July (see Daily GPI, July 16).

SGR Holdings, L.L.C. announced Tuesday that its wholly-owned subsidiary, SG Resources Mississippi, L.L.C., (SGRM) has executed its pipeline interconnect agreement with Florida Gas Transmission Company (FGT) as part of its phased expansion for the Southern Pines Energy Center, a new 12 Bcf salt cavern natural gas storage facility to be located in Greene County, MS.

Dynegy Inc. announced on Wednesday that it has executed term sheets to expand and extend its commercial agreements with ChevronTexaco to purchase “substantially all” of legacy Texaco’s undedicated U.S. natural gas and natural gas liquids production through Aug. 31, 2006, increasing the ChevronTexaco volume of natural gas purchased by Dynegy by to 3 Bcf/d.

El Paso Energy Partners L.P. (EPN) announced last Wednesday that it executed a letter of intent to purchase the Chaco cryogenic natural gas processing plant in northern New Mexico’s San Juan Basin, entered into a 20-year, fixed-rate tolling agreement to process gas for El Paso Field Services, and has agreed to buy El Paso Corp.’s 50% interest in a joint venture that owns gas pipeline and gathering systems in the Gulf of Mexico. The value of the transaction was estimated at $284 million.