NGI The Weekly Gas Market Report / NGI All News Access

Open Season Begins for Service at LA Storage Project

Houston-based Bobcat Gas Storage announced last Monday the start of an open season for service at its proposed high-deliverability natural gas storage facility in St. Landry Parish, LA. Bobcat will be located near Eunice, LA, and the Henry Hub, two major gas trading centers in the Gulf Coast region.

Bobcat is conducting an open season for only the initial phase of its storage project, which includes 6 Bcf of firm, high deliverability storage capacity with associated injection and withdrawal capabilities of 450,000 Dth/d and 600,000 Dth/d, respectively. The open season will extend through April 27. Any shipper interested in contracting for Bobcat storage service must submit a bid before the April 27 deadline.

As part of the storage project, Bobcat is seeking to develop two salt caverns with a total working gas capacity of 12 Bcf , injection capacity of 900,000 Dth/d and withdrawal capability of 1.2 MMDth per day. Bobcat filed its project proposal with FERC in mid-February, and asked the agency to act on it by July 15. It has targeted the project for in-service by October 2007.

The Bobcat storage project would interconnect with five interstate pipelines (Texas Eastern Transmission, Transcontinental Gas Pipe Line, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline), as well as the Cypress intrastate pipeline system.

Bobcat will offer customers customized, flexible contracting terms under a standardized FERC-approved tariff and market-based rates. Prospective customers seeking additional project information or wanting to discuss storage opportunities at Bobcat are asked to contact Jamie Craddock at (713) 320-0561. Information about the project and the open season also is available at http://www.bobcatstorage.com.

Developer of the Bobcat facility is Port Barre Investments LLC, an affiliate of Houston-based Haddington Ventures III LLC. Haddington provides capital to the energy industry, including midstream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on gas storage, gathering and processing, and other midstream activities.

©Copyright 2006 Intelligence Press Inc. All rights reserved. The preceding news report may not be republished or redistributed, in whole or in part, in any form, without prior written consent of Intelligence Press, Inc.