A new breed of energy companies

Less visible and less international in structure, the El Paso takeover of Coastal Corp in January nevertheless projects it to a mega-enterprise, now the third largest US natural gas producer after BP Amoco and ExxonMobil It also moves more gas than any other energy company in the world. The combined company hsa proved reserves of 5 TCF. Together they control 58,000 miles of intrastate pipeline and 12,000 Megawatts of power generation worldwide in an enterprise valued at US$32 billion. (author)