Stagecoach Storage Moves Closer to Launch
FERC issued a favorable environmental assessment on Central New York Oil & Gas Co.'s (CNYOG) Stagecoach Natural Gas Storage Facility, which is to be located near Binghamton, NY.
CNYOG, an affiliate of eCORP LLC, filed its application for the project last November. It is proposing to construct a storage facility with up to 13.6 Bcf of working capacity, 250 MMcf/d of injection capacity and 500 MMcf/d of deliverability. Tennessee Gas Pipeline filed with FERC in January to expand its 300-Line to connect with Stagecoach (see Daily GPI, Jan. 7). The $86.5 million pipeline expansion is expected to be approved in December and in place when the storage field begins operation Aug. 1, 2001. The 30-inch lateral would have a capacity of 500,000 Dth/d, and expansion capabilities of up to 1 Bcf/d.
"We believe these projects, taken together, represent one of the best available options to significantly enhance and reinforce natural gas delivery infrastructure in the northeastern United States, an area of the country very much in need of relief in terms of such energy resources," said eCORP CEO John F. Thrash.
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