Message-ID: <11601058.1075858451270.JavaMail.evans@thyme> Date: Thu, 31 May 2001 10:17:34 -0700 (PDT) From: rebrooks@earthlink.net To: ebrooks@rbac.com Subject: GPCM News: 5/31/01: AGA Storage Report: Conoco Move Helps Canadian Arctic Plans Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Robert Brooks @ENRON X-To: ebrooks@rbac.com X-cc: X-bcc: X-Folder: \Vince_Kaminski_Jun2001_10\Deleted Items X-Origin: Kaminski-V X-FileName: vkamins.pst From http://www.enerfax.com: NATURAL GAS STORAGE REPORT Week Prev 5 Ending Prev Prev Year Year | Region | 5/25/01 | Week | Diff | % Full | Year | % Full|Average | Prod | 410 | 390 | 20 | 43% | 363 | 38% | 423 | East | 624 | 558 | 66 | 34% | 601 | 33% | 627 | West | 247 | 234 | 13 | 49% | 310 | 61% | 258 | Total | 1281 | 1182 | 99 | 39% | 1274 | 39% | 1308 Conoco to Help Arctic Pipeline Plans Conocos takeover of Gulf Canada Resources should add political power to the plans of a group of major oil companies to build a natural gas pipeline from Canada's Arctic, according to Gulf's CEO. Conoco has offered C$12.40 per share in cash for Gulf. Gulf's partners in the study of the C$3 billion pipeline include Imperial Oil, Shell Canada and Exxon Mobil. Gulf has an estimated 1.3 Tcf of natural gas reserves in the region. Last week, the group negotiated an agreement with native leaders from the Northwest Territories that would have the Aboriginal Pipeline Group owning up to a third of the pipeline. Debate has long centered on whether a pipeline from northern Alaska or the Mackenzie Delta would be built first, or whether the market could initially support both. Looks like the race is on! If producers and others in Alaska don't get their act together soon, Conoco and the NWT could win. I still don't see how ANGTS and Mackenzie Delta Pipeline can be built simultaneously and the Over the Top Pipeline from Prudhoe Bay to Mackenzie Delta has too many legal, environmental, and operational obstacles. Bob Brooks GPCM Natural Gas Market Forecasting System http://gpcm.rbac.com