Haddington Ventures III LLC subsidiary Bobcat Gas Storage filed with the Federal Energy Regulatory Commission for authority to construct and operate a high-deliverability storage project in St. Landry Parish, LA, near Eunice and the Henry Hub.
Bobcat backers tout the projects location between the production and market zones, allowing the facility to access many different sources of supply and deliver to multiple market regions through its planned connection with five interstate and one intrastate pipeline systems. The project was announced in December (see Daily GPI, Dec. 15, 2005).
"These superior interconnections maximize customer access while minimizing Bobcat's pipeline construction, interstate pipeline rate stacking and fuel charges," said Jamie Craddock, Bobcat vice president. "The resulting effect is that Bobcat's customers could pay less for incremental delivered storage services capitalizing on Bobcat's lower rates for service and the reduction in pipeline charges and fuel to move their gas to and from the Bobcat facility to market."
Bobcat proposes to develop two salt caverns with total working gas capacity of 12 Bcf, injection capacity of 900 MMcf/d and maximum withdrawals of 1,200 MMcf/d. Bobcat plans to hold an open season in March and is requesting FERC authorizations by July 15 in order to begin construction before Louisiana's rainy season and meet an in-service target of winter 2007.
"Reaching our target in-service date and bringing this project to the market will help mitigate ongoing supply constraints resulting from Hurricanes Katrina and Rita, coincide with the in-service date proposed by certain LNG import terminals in the Gulf Coast region, and bring positive economic benefits to the State of Louisiana and the local Port Barre community," said Paul Bieniawski, Bobcat vice president.
Bobcat is being developed by Port Barre Investments LLC, which is owned by Haddington Ventures III.
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