Message-ID: <30138641.1075851941839.JavaMail.evans@thyme>
Date: Thu, 19 Apr 2001 10:08:00 -0700 (PDT)
From: marc.janichen@enron.com
To: eric.gonzales@enron.com, jonathan.whitehead@enron.com, greg.curran@enron.com, 
	doug.arnell@enron.com, clay.harris@enron.com, wayne.perry@enron.com, 
	dan.masters@enron.com, brad.hitch@enron.com, 
	satish.venkataraman@enron.com, sertac.yener@enron.com, 
	zdenek.gerych@enron.com, paul.y'barbo@enron.com, 
	javier.chavarria@enron.com, jody.crook@enron.com, 
	eric.groves@enron.com, jared.kaiser@enron.com, les.webber@enron.com, 
	li.lim@enron.com, dan.masters@enron.com, emilio.vicens@enron.com, 
	guido.caranti@enron.com, teresa.dyar@enron.com, tony.galt@enron.com, 
	neal.gerstandt@enron.com, david.glessner@enron.com, 
	andrew.makk@enron.com, james.mcmillan@enron.com, 
	purvi.patel@enron.com, rick.sierra@enron.com, 
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	homan.amiry@enron.com
Subject: Follow up from LNG Strategy Meeting
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X-To: Eric Gonzales, Jonathan Whitehead, greg.curran@enron.com, Doug Arnell, Clay Harris, Wayne Perry, Dan Masters, Brad Hitch, Satish Venkataraman, Sertac Yener, Zdenek Gerych, Paul Y'Barbo, Javier Chavarria, Jody Crook, Eric Groves, Jared Kaiser, Les Webber, Li Yin Lim, Dan Masters, Emilio Vicens, Guido Caranti, Teresa Dyar, Tony Galt, Neal Gerstandt, David Glessner, Andrew Makk, James McMillan, Purvi Patel, Rick Sierra, Alice Weekley, Michael Wortham, Homan Amiry
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Atlantic Priorities:
Access/Create North American Terminal Capacity
1) Elba
 -  finalize definitive agreement
 -  negotiate blending solution with El Paso to import higher BTU supplies
2) Bahamas
 -  focus on Florida permitting
 -  shorten completion schedule
 -  resolve downstream transport issues
3) US West Coast 
 -  project concept development
 -  consider strategic partnerships and supply sources
Manage/Upgrade Basis positions downstream of Terminals (Elba, Bahamas, West 
Coast)
Secure Supply for North America Terminal positions
1) Venezuela
 -  receive Venezuela nat gas export approval (increase lobbying effort using 
Lay, US govt, etc)
 -  gain agreement and execute GSA, Shareholders agreement
 -  position asset implementation team for quick release and implementation
2) Purchase LNG from 3rd Party producers
 - Nigeria LNG
 - BG Egypt
 - Trinidad (BP, BG, Repsol)
 - Angola LNG

Pacific Priorities:
DPC resolution
Execute SPA's for utilization/monetization of HG, Excalibur, and Elba 
terminal postions during the period of 2002-2005/7
 - Incorporate diversion rights to Far East and Europe
Contract Lakshmi capacity for EGM merchant trade
Conclude Master Agreements: 
 -  Kogas (winter cargos for 1-3 year term)
 -  Itochu
 -  Osaka Gas
 -  Pertamina
 -  Adgas (FOB)
Execute Petronas MOU for US West Coast supply
Project Support:
- Mikawa Bay Terminal and other terminal opportunities  (Japan)
- SK/Enron on Posco Terminal (Korea)
 
Internal Objectives:
utilize the LNG fundamentals group to identify desired directional trade 
positions
improve working relationship with ENA gas & EGM crude desks for tighter 
pricing
improve shipping position and leverage on newbuild options (if available)
identify additional LNG market bottleneck opportunities 
implemet fuel management agreements (Puerto Rico & DPC)
identify potential upstream opportunities (ie partnerships, working interest) 
where EGM gains LNG offtake rights