Edit ModuleShow Tags

El Paso Corp Reaches Agreement with FPL Group


Subsidiaries of El Paso have reached an agreement with an affiliate of FPL Group, whereby FPL Group Resources has an option to purchase the development rights of the High Rock liquefied natural gas facility on Grand Bahama Island. In addition, FPL Group Resources has obtained an option to purchase a 50 percent equity interest in the proposed Seafarer pipeline system that will transport natural gas from the proposed Bahamas LNG facility to Southern Florida. Terms of the agreements were not disclosed.

The Seafarer pipeline route has been modified to eliminate the extension from a proposed interconnection with Florida Gas Transmission (FGT) in West Palm Beach to Martin County. The pipeline route originates at the proposed LNG facility on Grand Bahama Island and continues to the Exclusive Economic Zone boundary approximately 87 miles away. The pipeline will continue approximately 35 miles and make landfall at Riviera Beach Power Plant and continue onshore for nearly six miles along existing utility and roadway corridors and connect into the existing FGT system. The 128-mile, 26-inch diameter Seafarer pipeline system will have a design capacity of approximately 750 million cubic feet per day and is expected to be in service by 2008.

Edit ModuleShow Tags

Archive »Recent Articles

SKF, Hanbell To Develop Magnetic Chiller Compressors

SKF has signed a strategic cooperation agreement with Hanbell to jointly developing magnetic chiller centrifugal compressors.

GE To Pull Operations Out Of Waukesha

Reliability Concepts Picks Up Alignment Supplies

Reliability Concepts, a Michigan-based provider of predictive maintenance equipment, services and training, has purchased Alignment Supplies.

EIA: Natural Gas Prices Drop, Storage Increases

Natural gas prices dropped in most market locations across the United States during the Sept. 9 to Sept. 16 report week, according to the Energy Information Administration.

GE Upgrading Pemex Compressor Trains

GE Oil & Gas signed a contract with Avanzia Group to refurbish and upgrade four CO2 compression trains as well as all the auxiliaries and balance of plant (BOP) components of Mexico’s state-owned oil and gas company Petróleos Mexicanos’s (Pemex) nitrogen-based fertilizer facility.