Co-Developers of Florida Gas' Expanding System Are Upbeat About Prospects for Power-Driven Energy Market for Natural Gas; El Paso Expects Larger Role for LNG in the Gulf; Southern Union Tentatively Backs Away from Forming Master Limited Partnership

摘要

Mark Leland, Chief Financial Officer of El Paso Corp., told market analysts at a Raymond James Institutional Investors Conference on March 4 that El Paso's pipelines are expected to grow EBIT (earnings before income taxes) by 6 to 8% over the next five years to 2012, and "that's being driven by a very high quality backlog of growth projects that totals just under 4 billion." The company is aiming to grow production 8 to 12% over the next three years on top of the 3.1 Tcf of proved reserves.