I'm not sure our plan is to collapse the LNG shipping group into coal (I
presume you mean under Pierre). However, we have to look at our internal and
external options. If you look at the structure of the exmar vessell it is
certainly far from ideal for enron. In fact it appears to be quite
one-sided. First we must look at what we want this group to be, and examine
what skills each of the internal players can bring to the table--(including
Pierre and Wayne). Second estabish internal procedure, and trading
capabilities. Third, execute. I would agree that LNG shipping is a unique
animal, but before we hire anyone externally, I'd like to get everyone
together to discuss the most appropriate way forward.

Thanks. Jeff



Rick Bergsieker@ENRON_DEVELOPMENT
02/14/2001 06:29 AM

To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc: Eric Gonzales@ECT
Subject: LNG Shipping

Further to my voicemail yesterday, I understand through Eric that
consideration is being given to collapsing the LNG shipping responsibilities
into the coal group. I believe that this would be a mistake. Eric and I
have been talking about this for some time and have defined and are
implementing an organizational plan that we both believe is a good one. I
would like the opportunity to talk this through with you before you make any
irreversible decisions.