News Release
Oct. 06, 1998

DUKE ENERGY INTERNATIONAL BUYS LNG SHIPMENT FROM QATARGAS

HOUSTON -- Qatargas Liquefied Gas Company Ltd. (Qatargas) and Duke Energy LNG Sales, Inc., a unit of Duke Energy International (DEI), announced that they have secured an agreement for the purchase of one cargo of liquefied natural gas (LNG) from Qatargas.

The shipment will come from the Qatargas facilities located in Ras Laffan Industrial City, about 80 km north of Doha. The shipment will be delivered to Duke Energy’s Trunkline LNG receiving terminal located in Lake Charles, La. The Trunkline LNG facility has a regasification capacity of 700,000 million British thermal units per day and three 95,400 cubic meters storage tanks.

"This deal is significant for Duke Energy because it reflects Duke’s first purchase of LNG from Qatargas," said Erik Ludtke, vice president of commercial risk management with DEI. "This agreement allows us to continue to expand our spot LNG business, while fully utilizing Duke Energy’s unique array of LNG, gas trading and risk management capabilities. It’s also the first sale by Qatargas into the U.S. market. This LNG cargo, in addition to our other supply sources, demonstrates that LNG can be competitively imported into the U.S. Gulf Coast."

The cargo, equivalent to 2.8 billion British thermal units, will arrive at Duke Energy’s facility in January.

Duke Energy Corporation (NYSE:DUK) is a global energy company with more than $24 billion in assets. Duke Energy companies provide electric service to approximately two million customers; operate pipelines that deliver 12 percent of the natural gas consumed in the United States; and are leading marketers of electricity, natural gas and natural gas liquids. Globally the companies develop, own and operate energy facilities and provide engineering, management, operating and environmental services. Contact Duke Energy on the World Wide Web at http://www.duke-energy.com.

Contact: Liz Johnson
Phone: (713)627-5011
24 Hour Phone: (704) 382-8333
Email: media-relations@duke-energy.com