As 2002 drew to a close, we saw the year ending more or less as 2001 had, with a major US energy player in difficult financial circumstances. The end of 2001 was marked by the demise of Enron, and El Paso would appear to be repeating the show this year. The difference this time around is that there are five new ships on order for El Paso whilst Enron only had one. A further complication is that four of these ships have been ordered with re-gasification facilities: will the Energy Bridge concept be picked up by someone else?
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