UNITED STATES
             SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C.  20549

                          FORM 8-K

                       CURRENT REPORT

            Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934

              Date of Report:  October 31, 2002
    (Date of Earliest Event Reported:  October 31, 2002)


                     EL PASO CORPORATION
   (Exact name of Registrant as specified in its charter)


     Delaware             1-14365            76-0568816
  (State or other    (Commission File     (I.R.S. Employer
  jurisdiction of         Number)       Identification No.)
 incorporation or
   organization)

                      El Paso Building
                    1001 Louisiana Street
                    Houston, Texas 77002
     (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (713) 420-2600



Item 5.  Other Events
         ------------

On  October  31,  2002, we announced the assignment  of  the
Snohvit  Supply  contract and Cove  Point  LNG  Capacity  to
Statoil  ASA.   A copy of our press release is  attached  as
Exhibit 99.1 and is incorporated herein by reference.


Item 7. Financial Statements, ProForma Financial Information and Exhibits
        -----------------------------------------------------------------

          (c)  Exhibits.

                Exhibit
                 Number    Description
                -------    -----------

                  99.1     Press  Release dated October 31, 2002.


                         SIGNATURES

     Pursuant to the requirements of the Securities Exchange
Act  of 1934, the registrant has duly caused this report  to
be  signed  on its behalf by the undersigned thereunto  duly
authorized.


                              EL PASO CORPORATION

                              By:  /s/ Jeffrey I. Beason
                                 -----------------------
                                   Jeffrey I. Beason
                          Senior Vice President and Controller
                             (Principal Accounting Officer)

Dated:  October 31, 2002



                        EXHIBIT INDEX


     Exhibit
      Number    Description
     -------    -----------

       99.1     Press  Release dated October 31, 2002.