Gulf South and Texas Gas Hold Simultaneous Open Seasons

    Business Editors/Energy Editors

    HOUSTON & OWENSBORO, Ky.--(BUSINESS WIRE)--Jan. 21, 2005--Gulf South Pipeline, L.P. and Texas Gas Transmission, LLC announced Friday that both pipelines are conducting simultaneous non-binding open seasons to address the need to move incremental natural gas supplies from Carthage, Texas and Northwestern Louisiana, to their markets.
    Gulf South and Texas Gas, wholly owned subsidiaries of Loews Corporation, are seeking to expand market outlets for natural gas basins in North Louisiana and East Texas, including the Barnett Shale and Bossier Trends in Texas.

    Gulf South Pipeline, L.P.

    Gulf South has an extensive gathering and mainline transmission system in East Texas and North Louisiana that extends to West Monroe, Louisiana, and continues east throughout the Gulf Coast region. Gulf South is constrained out of the East Texas area and has limited capacity to move incremental supplies out of North Louisiana. An expansion on Gulf South will provide additional outlets for these growing supply basins to industrial plants, power plants, and local distribution companies, as well as pipelines served by Gulf South. Some of the major pipeline markets available on Gulf South include Texas Gas Lonewa, Columbia Barron, Florida Gas Arnaudville and Montpelier, Transco Holmesville, and Texas Eastern Kosciusko. The committed volumes will determine the timing of available capacity, with certain capacity available as soon as March 1, 2005.

    Texas Gas Transmission, LLC

    Texas Gas' North Louisiana system is fully subscribed on a firm basis. The North Louisiana system extends from the Duke Energy Field Services plant in Carthage, Texas to the Texas Gas mainline system near Bastrop, La.
    Expanding capacity on this system will accomplish these objectives.

Gulf South Pipeline, L.P.: John Boone, Senior Vice President of Business Development (713) 544-4315

Walt Bennett, Vice President of Pipeline Operations (713) 544-5629

Texas Gas Transmission, LLC: Jim Martin, Manager of Business Development (270) 688-6927

Bobby Mason, Manager of Producer Services (713) 235-7525

    Gulf South Pipeline, L.P. owns and operates an 8,000-mile interstate natural gas pipeline system in five gulf coast states, including Texas, Louisiana, Mississippi, Alabama and Florida. Texas Gas Transmission, LLC owns and operates a 5,800 natural gas pipeline system in nine southern and Midwestern states, including Texas, Louisiana, Mississippi, Arkansas, Tennessee, Kentucky, Illinois, Indiana and Ohio. Gulf South and Texas Gas are wholly owned subsidiaries of Loews Corporation, (NYSE: LTR) one of the largest holding companies in the country.

--30--RC/ny*

CONTACT: Texas Gas Transmission, LLC Barbara Bennett Office (270) 688-6745 Cell (270) 570-3923

KEYWORD: TEXAS LOUISIANA KENTUCKY INDUSTRY KEYWORD: OIL/GAS ENERGY UTILITIES MARKETING AGREEMENTS SOURCE: Texas Gas Transmission, LLC

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