Norway, Belgium Sign

Pipeline Transport DealOSLO, Norway - Norwegian Oil and Energy Minister Arne Oeien and his Belgian counterpart F. Aerts signed an agreement Thursday governing the transport of natural gas through the projected North Sea pipeline known as Zeepipe.

Zeepipe, which is owned by the companies holding license rights in Norway's Troll and Sleipner East gas fields, will run from the Norwegian continental shelf to the Belgian port of Zeebrugge.

The agreement signed Thursday establishes the legal framework for the gas transport. A bilateral commission representing authorities of both countries will be set up to facilitate implementation of the agreement, Mr. Oeien's ministry said in a statement.

Estimated recoverable gas reserves from Troll and Sleipner East is around 1,475 trillion cubic meters. Sleipner East is expected to go on stream in 1993 and Troll in 1996.

Texas, OPEC Link

On Prices Questioned

WASHINGTON - A suggestion that Texas may cut production and cooperate with OPEC to shore up oil prices raises serious antitrust questions and would not be in the country's best interests, oil analysts and Reagan administration officials said Thursday.

You can imagine what the Reagan administration thinks about it, said a State Department official who spoke only on condition of anonymity. It's a cartel that does not operate in U.S. interests.

Doug Elmets, press aide to Energy Secretary John Herrington, said, It's the department's belief and the government's policy that assistance to OPEC in its effort to manipulate the price of oil is not the correct approach.

Kent Hance, one of three members of the Texas Railroad Commission, met earlier this month with Rilwanu Lukman, the president of the Organization of Petroleum Exporting Countries, and discussed the possibility that his state and the cartel would cooperate.

Enron Unit to Purchase

Assets of Capitol

HOUSTON - Enron Corp. said its subsidiary, Enron Cogeneration Co., has entered into a definitive agreement to purchase the assets of Capitol Cogeneration Co.

The assets consist of a 377-megawatt, natural-gas-fired cogeneration plant in Pasadena, Texas. Enron will own the plant and will operate it. Another affiliate of Enron Corp. will be the fuel supplier. The plant uses 75 million to 80 million cubic feet a day at full capacity.

The price is about $158.5 million.

Capitol Cogeneration is a limited partnership comprised of Bayport Cogeneration Inc., a subsidiary of TNP Enterprises Inc., and Capitol Power Inc., a subsidiary of H.B. Zachry Co., as general partners; and Celanese Chemical Co. as the limited partner.

The plant supplies electricity to Texas-New Mexico Power Co. and steam to Celanese.