Transco

While Coastal Corp. and Williams-Transco compete to build a Trans-Gulf of Mexico pipeline from Alabama to Florida, they may be able to count on little opposition from environmentalists. However, they should at least expect them to kibitz.

While Coastal Corp. and Williams-Transco compete to build aTrans-Gulf of Mexico pipeline from Alabama to Florida, they may beable to count on little opposition from environmentalists. However,they should at least expect them to kibitz.

Transco extended Thursday the open season for FT service on itsSundance Expansion Project, originally scheduled to end June 1,through June 18. Sundance will provide extra capacity from Station65 in Louisiana to Station 165 in Virginia and is proposed to beginservice by April 1,2002.

Williams completed its Cherokee expansion project, increasingcapacity on the Transcontinental Gas Pipe Line (Transco) system by87 MMDth/d to provide additional firm transportation capacity toserve markets in Georgia. The $68 million project consisted ofadding looping and compression.

Thursday was an excellent day to pursue a sell-early, buy-latestrategy in the Gulf Coast, according to a marketer. He saw TranscoStation 65, Henry Hub and TGT SL uniformly start around $2 even,then get up to $2.03 before falling back to the mid $1.90s in lateactivity. He thought the early cash strength was based on thescreen rising a few cents, but a lack of fundamental demand failedto support the upticks