Liquefied

Southern LNG Facilities Taken Out of Mothballs

FERC cleared the way last week for Southern LNG Inc. to take itsliquefied natural gas terminal facility on Elba Island in Georgiaout of mothballs.

March 20, 2000

3Q 1999 Saw Big Jump in LNG Imports

The role of liquefied natural gas (LNG) in the U.S. gas supplymix continues to grow as 1999’s third quarter saw a significantpercentage jump in LNG imports. According to the U.S. Department ofEnergy’s Office of Natural Gas & Petroleum Import and ExportActivities, total gas imports grew by 15% over the third quarter of1998 while LNG imports were up a strong 221% over the same period.A 10% rise in Canadian imports and a 154% rise in Mexican importswere also noted. At the same time, U.S. exports of gas to Mexicogrew by 41%.

January 11, 2000

Columbia Buys Pepco’s Share of Cove Point, Plans Imports

Ending a partnership in existence since 1994, Columbia’sliquefied natural gas (LNG) subsidiary, Columbia LNG, bought PepcoEnergy Co.’s 50% interest of the Cove Point LNG facility inMaryland for an undisclosed sum, the companies said last week.Columbia also announced plans to recommission Cove Point’smothballed marine terminal to handle imports for the first time in20 years. The purchase needs Federal Trade Commission approvalunder the Hart-Scott-Rodino Act, and Columbia said it hopes toclose the deal by the end of next month and file forrecommissioning the terminal later next year.

December 6, 1999

Columbia Buys Pepco’s Share of Cove Point

Ending a partnership in existence since 1994, Columbia’sliquefied natural gas (LNG) subsidiary, Columbia LNG, bought PepcoEnergy Co.’s 50% interest of the Cove Point LNG facility for anundisclosed sum, the companies said yesterday. The purchase needsFederal Trade Commission approval under the Hart-Scott-Rodino Act,and Columbia said it hopes to close the deal by the end of nextmonth.

December 2, 1999

Coral Commits to LNG Imports to 2001

Liquefied natural gas imports to the United States continued onthe upswing yesterday with Coral Energy’s announcement it is buyinga whopping 29 Bcf in 11 cargoes FOB from Oman LNG LLC for shipmentin 2000 and 2001. The LNG will be loaded at Oman LNG’s plant atQalhat, Sultanate of Oman, for delivery into CMS Energy Corp.’s CMSTrunkline LNG terminal in Lake Charles, LA. Coral chartered thevessel LNG Arzew from Shell Bermuda (Overseas) Ltd. to carry theLNG. Terms of the agreements were not released. A Coral spokesmansaid no other details were available about the transaction.

November 30, 1999

CMS Inks LNG Master Agreement

Seeking to add to its growing total of liquefied natural gas(LNG) deliveries at the Lake Charles, LA, complex, CMS Energyannounced a master agreement with Abu Dhabi Gas Liquefaction Co.(ADGAS) yesterday for the purchase of spot cargoes from ADGAS toCMS Marketing, Services and Trading (CMS-MST). The volumes to bedelivered pursuant to the master agreement will be determined basedupon available production and market conditions, the company said.Financial terms or specific conditions within the agreement werenot disclosed.

October 26, 1999

Coral Buys 2.9 Bcf of Australian LNG

Coral Energy of Houston bought a liquefied natural gas (LNG)cargo from the North West Shelf Venture in Australia for deliveryinto the United States. The cargo of about 2.9 Bcf is Coral’ssecond recent LNG purchase.

October 6, 1999

CMS Ups LNG Shipments With Qatar Cargoes

CMS Energy moved a step closer to its liquefied natural gas(LNG) goals last week as its energy marketing arm, CMS Marketing,Services and Trading, (CMS-MST) purchased three LNG shipments fromRas Laffin LNG Co. Limited (Rasgas) in Qatar. The three cargoes,carrying a combined 8.1 Bcf, will be delivered in November andDecember of this year and in February of 2000 to CMS’ LNG complexin Lake Charles, LA, then fed into CMS Trunkline’s interstatepipeline system. The overall cost for the shipments was notreleased.

September 6, 1999

CMS Scores More LNG

CMS Energy moved a step closer to its liquefied natural gas(LNG) goals yesterday, as its energy marketing arm, CMS Marketing,Services and Trading, (CMS-MST) purchased three LNG shipments fromRas Laffin LNG Co. Limited (Rasgas) in Qatar. The three cargoes,carrying a combined 8.1 Bcf, will be delivered in November andDecember of this year and in February of 2000 to CMS’ LNG complexin Lake Charles, LA, then fed into CMS Trunkline’s interstatepipeline system. The overall cost for the shipments was notreleased.

September 2, 1999

Probe Sought of Southern LNG’s Open Season

FERC has been asked to place an immediate hold on Southern LNGInc.’s applications to reactivate and upgrade its mothballedliquefied natural gas (LNG) storage and send-out facility on ElbaIsland in Georgia, pending the outcome of a probe being requestedinto the company’s open-season procedures.

August 23, 1999