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Enron Mail |
please print. also make a folder for enron india. thanks.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000 12:23 PM --------------------------- Rick Bergsieker@ENRON_DEVELOPMENT 09/29/2000 03:19 PM To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: DPC/Metgas Equity Sale Mike/Jeff: you need to intervene on this at a higher level to make sure that we don't give up any important LNG rights when we selldown DPC ---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on 09/29/2000 03:17 PM --------------------------- enron india From: Wade Cline 09/28/2000 12:45 PM To: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey A Shankman@ECT, V V Rao/SIN/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: DPC/Metgas Equity Sale Clay, we've been banging this drum so long in India that we've broken all our drumsticks. We've always maintained that access to the Metgas terminal and storage and pipeline is key to any plans Enron has in the LNG business. Personally, I have always thought Enron should just finance and build the pipeline itself and then sell it once it becomes operational, maintaining access to the terminal and pipeline capacity. Glad to see you're on board, because we can use the help. But this is going to require some Enron commitment. To meet Enron's objectives (no debt consolidation, cash flow and earnings), the current selldowns being considered are to industry and related players who want their share of the upsides of the business. So giving Enron any preferred rights is going to be tough with these players. Let's discuss next week in India. I have requested the Metgas meetings with the EGM LNG team be on Wednesday. Clay Harris 09/29/2000 03:41 AM To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey A Shankman@ECT, V V Rao/SIN/ECT@ECT Subject: DPC/Metgas Equity Sale One of the keys to growing the LNG business is access to LNG terminals and fuel supply opportunities. We should insure that the sell down of DPC and Metgas be structured such that Enron/EGM retain terminal rights and fuel supply rights at Dabhol, if appropriate. The Metgas terminal/regas rights under the TARA and EFI's fuel management/fuel supply rights under the Fuel Management Agreement need to stay with Enron/EGM. Lets discuss next week in Mumbai. Clay
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