FGT: Phase IV in Service; Phase V Awaits Approval
Florida Gas Transmission announced that it placed its Phase IV expansion project into service, adding 134 miles of pipeline, 38,000 hp of compression and 200 MMcf/d of new firm transportation capacity to the system. Seven shippers signed 20-year agreements for the capacity.
"Bringing natural gas to southwest Florida for the first time through our expansion into the Fort Myers area demonstrates FGT's ability to meet the growing energy needs of the state," said Bob Hayes, managing director of marketing for FGT. "With cooperation from local, state and federal agencies, FGT was able to complete the project on time, delivering natural gas for electric generation and local distribution."
FGT's Phase V expansion has received a favorable draft environmental impact statement from FERC and is expected to add another 428 MMcf/d of capacity to the system by next spring. The $450 million project is supported by contracts with seven shippers. Both expansions combined will bring FGT's total capacity to more than 2 Bcf/d by spring of 2003.
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