Gulfstream Natural Gas System, L.L.C. has received the first shipment...
Gulfstream Natural Gas System, L.L.C. has received the first shipment of pipe at Port Manatee, Fla., for construction of its 753-mile natural gas pipeline system. More than 18,000 tons of 36-inch diameter steel pipe (23 miles) were delivered to the port where they will be offloaded and moved to the concrete coating facility located at the port.
The pipe, purchased from Berg Steel Pipe Corporation in Panama City, Fla., arrived by ship from Dunkirk, France, after being manufactured by Berg's parent company, Europipe. Seven more shipments of pipe are scheduled to arrive at Port Manatee by ship during the next two months. Each section of 36-inch diameter pipe is approximately 40 feet in length and weighs about eight tons. More than 150,000 tons of pipe have already been delivered to a Gulfstream pipeyard near Mobile, Ala.
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. The 753-mile pipeline project 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. The project has an initial in-service date of June 2002. Construction of the $1.6 billion pipeline project began June 1.
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