Previously

Westcoast Energy Inc. finalized on Wednesday its previouslyannounced acquisition of the remaining 50% of the Empire StatePipeline for approximately $75 million, increasing its stake in thenatural gas line to 100%. The company first announced it wasacquiring the remaining 50% interest from Coastal Corp. in Novemberof 2000 (see Daily GPI, Nov. 10, 2000). The 156-mile pipeline runsfrom the Canada/United States border near Niagara, through New YorkState to an interconnect near Syracuse, NY. The pipeline has arated capacity of 525 MMcf/d. “We are pleased to now have fullownership of this valuable link to our Union Gas system, our Dawnhub and markets in Upper New York State and the northeast U.S.,”said Michael Phelps, CEO of Westcoast.

Houston-based Enron Corp. said yesterday it was “verycomfortable” with its previously announced targets for 2001recurring earnings of $1.70 to $1.75 per diluted share despite adip in its stock performance this week, which hit a 52-week low.The company will provide a general update on the company during aconference call today.

El Paso said Wednesday a maintenance outage of Line 3110 inHoward County, TX is now scheduled for March 10-14. The pipelinepreviously had said the work would occur March 5-11 (see Daily GPI,Feb. 27). The IVEALMOR interconnect will not be able to deliver anygas into El Paso during the outage.

Because its initial open season period of Oct. 5 through Dec. 5included the Thanksgiving holidays, Dominion is extending thedeadline to Dec. 19 for its previously announced GreenbrierPipeline project in order to continue to gauge customer interest.

A higher rate of economic growth will lead to a greaterexpansion in natural gas use than previously forecast over the next20 years — to 34.7 Tcf/ year in 2020, up from 31.5 Tcf — and a10% increase in projected prices — from $2.81/Mcf to $3.13,according to the Energy Information Administration’s latest report.

A higher rate of economic growth will lead to a greaterexpansion in natural gas use than previously forecast over the next20 years — to 34.7 Tcf/ year in 2020, up from 31.5 Tcf — and a10% increase in projected prices — from $2.81/Mcf to $3.13,according to the Energy Information Administration’s latest report.

Williams was selected last week by a consortium of deep-waterGulf of Mexico producers to handle about 500 MMcf/d of gasproduction that is scheduled to come on stream in mid-2002. Toaccommodate the projected volumes, Williams will build, operate andown the Canyon Station, a production handling platform in the EastMain Pass area south of Mobile Bay.

Williams’ energy services business unit closed its previously announced acquisition of the natural gas liquids (NGL) portion of TransCanada’s midstream operations. The $540 million deal was first announced on Aug. 3 (see NGI, Aug. 7).

Williams’ energy services business unit reported the closure of itspreviously announced acquisition of the natural gas liquids (NGL)portion of TransCanada’s midstream operations yesterday. The $540million deal was first announced on Aug. 3 (see Daily GPI, Aug. 4).