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2001 News Releases
Date: June 29, 2001
Gulfstream
to Begin Laying Pipe Offshore
HOUSTON - Gulfstream Natural Gas
System, L.L.C., will reach another major milestone July 1 when
it begins laying 36-inch diameter steel pipe offshore near the
coast of Alabama. The effort is the beginning of a four-month
process that will result in 419 miles of pipe laid in the Gulf
of Mexico connecting Alabama to Florida.
"We are moving full speed ahead. We will be laying offshore
pipe with one of the most sophisticated semi-submersible pipelay
barges in the world, laying 3-4 miles of pipe per day from July
1 through the end of October," said Nancy Schultz,
Gulfstream senior vice president and general manager of
technical functions.
Once complete, the $1.6 billion Gulfstream system will be the
largest pipeline in the Gulf of Mexico, with capacity to
transport approximately 1.1 billion cubic feet of natural gas
per day. It is also the first new natural gas transportation
system to serve Florida in more than 40 years.
Gulfstream Natural Gas System, L.L.C. is a joint interstate
natural gas pipeline development of Williams (NYSE:WMB) and Duke
Energy (NYSE:DUK) approved by the Federal Energy Regulatory
Commission Feb. 22, 2001. Construction of the 753-mile pipeline
project began June 1, 2001. The pipeline will extend from
Mississippi and Alabama across the Gulf of Mexico to Florida. It
is designed primarily to serve Florida utilities and
power-generation facilities that will use high-efficiency
natural gas turbines to meet the increasing demand for electric
energy.
More information about the Gulfstream Natural Gas System is
available by visiting the project web site at
www.gulfstreamgas.com.
Duke Energy, a diversified multinational energy company, creates
value for customers and shareholders through an integrated
network of energy assets and expertise. Duke Energy manages a
dynamic portfolio of natural gas and electric supply, delivery
and trading businesses - generating revenues of more than $49
billion in 2000. Duke Energy, headquartered in Charlotte, N.C.,
is a Fortune 100 company traded on the New York Stock Exchange
under the symbol DUK. More information about the company is
available on the Internet at: www.duke-energy.com.
Williams, through its subsidiaries, connects businesses to
energy, delivering innovative, reliable products and services.
Williams information is available at www.williams.com.
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