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Jan 16, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

Saudi Arabia: Bin Laden's Challenge: For Osama bin Laden, the alleged
perpetrator of the terrorist assault on America Sep 11, the ultimate target was
not the United States but Saudi Arabia.
(http://www.platts.com/features/binladen/index.shtml)



Futures Round-up
IPE Brent Focus: IPE Brent crude falls on bearish API data
Front-month February futures, which expire later Wednesday, gapped lower in ETS
electronic trading, and traded at $19.04/bbl at 1046 GMT, 66 cts off Tuesday's
settlement. March had slipped by 51 cts at the same time to trade at $18.47/bbl.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

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OIL:
World community readies Afghanistan as energy player
The international community is readying Afghanistan to be a player on the energy
scene, with attention these days focused on the energy potential of Central Asia
and the role of Afghanistan as a possible producer as well as a pipeline route
from the Caspian to oil and gas-hungry markets.
(http://www.platts.com/archives.shtml#57758)

NATURAL GAS:
Gazprom welcomes prospect of higher Russian gas prices
The CEO of Russian gas monopoly Gazprom Alexei Miller Tuesday welcomed the
prospect of higher domestic gas tariffs in 2002, saying that higher prices would
help the company meet its Rb140.8-bil ($4.69-bil) investment target this year.
(http://www.platts.com/archives.shtml#57779)

PETROCHEMICALS:
Qatar QAFAC confirms MTBE plant shutdown from Jan 14
The Qatar Fuel Additives Company has shut down its 610,000 mt/yr MTBE plant on
Monday as scheduled, a company source confirmed Wednesday.
(http://www.platts.com/archives.shtml#57769)

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ELECTRIC POWER:
South Korea to begin power sector privatization in H1 2002
South Korea's Ministry of Commerce, Industry and Energy said in a statement
Wednesday it plans to start privatization of the Korea Electric Power Corp in
the first half of year 2002. (http://www.platts.com/archives.shtml#57763)

NUCLEAR:
Germany earmarks extra $25-mil for Chernobyl nuke
The German government is to donate a further $25-mil towards safety provisions
at Ukraine's Chernobyl nuclear power station, the environment ministry said
Wednesday. (http://www.platts.com/archives.shtml#57780)

COAL:
PG&E considers Salem Harbor sale
US' PG&E National Energy Group is taking offers of interest on about 1,830 MW of
generation, including the company?s four-unit, coal-fired 750-MW Salem Harbor
station. (http://www.platts.com/archives.shtml#57740)

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