FERC has approved Cadeville Gas Storage LLC's application to build a planned gas storage facility in Ouachita Parish, LA, approximately 10 miles southwest of Monroe.
Storage services are scheduled to begin in 2012. The three- to four-turn facility is being designed to provide a peak deliverability of 420 MMcf/d and a peak injection of 420 MMcf/d. Cadeville plans to convert a depleted gas reservoir to develop a total of 16.5 Bcf of working capacity.
The facility would have the ability to interconnect to Tennessee Gas Pipeline Line 100, Gulf South's Middle 30, Gulf South's 42-inch East Texas to Mississippi Expansion, Texas Gas Transmission, CenterPoint Energy Line CP and Energy Transfer Partners' 42" Tiger Pipeline.
Open seasons held in 2009 (see Daily GPI, April 1, 2009) and earlier this summer (see Daily GPI, June 1) received total bids for more than twice the amount of working gas capacity proposed in its application, according to Cadeville. The company "is currently negotiating service requirements with potential customers and believes that significant interest in the project will result in agreements for substantially all of the proposed capacity," the Federal Energy Regulatory Commission said.
Cadeville is a subsidiary of Cardinal Gas Storage Partners LLC, a joint venture of Martin Resource Management Corp. and funds controlled by Energy Capital Partners LLC. Cardinal also owns Arcadia Gas Storage LLC and Perryville Gas Storage LLC.
©Copyright 2010 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.