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IN RE DISTRIGAS CORP.

Bankruptcy No. 85-1082-L.

66 B.R. 382 (1986)

In re DISTRIGAS CORPORATION, Debtor.

United States Bankruptcy Court, D. Massachusetts.

September 26, 1986.

Attorney(s) appearing for the Case

Frederick G. Fisher, Jr., P.C., Judy A. O'Neill, Hale & Dorr, Boston, Mass., for debtor.

Ross A. Lewin, Deputy Atty. Gen., Trenton, N.J., for State of New Jersey Dept. of Environmental Protection.

Peter A. Fine, Choate, Hall & Stewart, Boston, Mass., (Local counsel), Donald L. Cuneo, Stuart D. Sender, Marjorie Miller, Shearman & Sterling, New York City, for Sonatrach.

MEMORANDUM DENYING CONFIRMATION

HAROLD LAVIEN, Chief Judge.

When the Cabot Corporation decided to enter the business of importing and distributing LNG, liquified natural gas, it did so by creating two wholly owned corporations. The debtor, Distrigas Corporation, whose only function was to hold the licensing authority to import the LNG from Algeria, which it carried out by way of a contract with Societe Nationale...

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