Magnum Gas Storage LLC’s nonbinding open season for its Magnum Gas Storage Project, which closed July 31, generated responses from 26 bidders requesting more than four times the capacity offered, the company said Thursday.
The project in Millard County in central Utah is the first large-scale, high-deliverability, multi-cycle salt cavern gas storage facility to be developed in the western United States, Magnum said. Plans are under way for two caverns, each with working capacity of approximately 5.6 Bcf.
“This facility will provide natural gas-fired electric power generators, gas distribution companies, producers and marketers throughout the West with cost effective, efficient and reliable access to natural gas supplies,” said Rob Webster, Magnum managing director.
The project offers customers direct and indirect interconnections with multiple pipelines originating from of the Rockies. The project will connect directly with a new lateral to the Kern River and Questar interstate pipelines at Goshen, UT, creating a header that will indirectly serve the Opal, WY, area market hub pipeline interconnections through backhaul and displacement.
The open season began in June (see Daily GPI, June 11).
Magnum Gas Storage is owned by Magnum Development LLC, a Haddington Ventures LLC portfolio company.
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