Signs

Marking CMS Energy’s continued emphasis on the liquefied naturalgas (LNG) market, CMS Marketing, Services and Trading (CMS-MST)announced agreements to buy six LNG cargoes for delivery to the CMSTrunkline LNG facility in Lake Charles, LA, last week. Terms of thetransactions were not disclosed.

In its effort to meet the challenge of building a pipeline offthe Florida coast, Buccaneer Pipeline project sponsors saidyesterday they signed Saipem Inc./European Marine Contractors Ltd.,a recognized leader in deepwater pipeline construction.

In its effort to meet the challenge of building a pipeline offthe Florida coast, Buccaneer Pipeline project sponsors saidyesterday they signed Saipem Inc./European Marine Contractors Ltd.to help construct the offshore portion of the proposed pipeline.Buccaneer, which is a joint venture between Duke Energy andWilliams, would not disclose any of the financial agreementsinvolved in the deal. Saipem/EMC has already started work on theproject, a Buccaneer spokesperson said.

Sempra Energy Trading, the wholesale energy marketing unit ofSempra Energy, announced a two-year electric and gas managementagreement with the city of Burbank, CA, last week. The agreementmarks a continuation of the type of success that helped turnSempra’s unregulated operations from unprofitable in 1998 to veryprofitable in 1999.

Sempra Energy Trading, the wholesale energy marketing unit ofSempra Energy, announced a two-year electric and gas managementagreement with the city of Burbank, CA, yesterday. The agreementmarks a continuation of the type of success that helped turnSempra’s unregulated operations from unprofitable in 1998 to veryprofitable in 1999.

Kinder Morgan’s Natural Gas Pipeline Company of America (NGPL)has convinced another of its long-time customers to re-up, signingthree and five year contracts with Peoples Gas, Light and Coke andNorth Shore Gas — subsidiaries of Peoples Energy —for morethan 200,000 MMBtu/d of firm transportation, plus storage. Thecompany also is pursuing a new agreement with Peoples for anadditional 9.3 Bcf of storage and various FT deals for up to159,000 MMBtu/d.

Kinder Morgan’s Natural Gas Pipeline Company of America (NGPL)has convinced another of its long-time customers to re-up, signingthree and five year contracts with Peoples Gas, Light and Coke andNorth Shore Gas — subsidiaries of Peoples Energy — for morethan 200,000 MMBtu/d of firm transportation, plus storage. Thecompany also is pursuing a new agreement with Peoples for anadditional 9.3 Bcf of storage and various FT deals for up to159,000 MMBtu/d.

Alaska Gov. Tony Knowles and BP Amoco signed a major agreementlast week that clears the way in the state for the oil giant’sproposed acquisition of Atlantic Richfield Co. But still awaitingBP Amoco is its biggest nemesis — the Federal Trade Commission(FTC), where the merger reportedly has run into a serious snag overantitrust concerns. BP Amoco is hoping the Alaska deal, which callsfor the largest divestiture of production assets in the state’shistory, will help it score some points with the agency.

Alaska Gov. Tony Knowles and BP Amoco signed a major agreementyesterday that not only clears the way in Alaska for the oilgiant’s proposed acquisition of Atlantic Richfield Co., but mayhelp the company score some points with the Federal TradeCommission (FTC). At least that’s what BP Amoco officials arehoping.