Two Mississippi gas storage projects announced open seasons last week. One is a binding open season ending next week, and the other is a nonbinding solicitation ending Friday.
Monroe Gas Storage Co. LLC, a joint venture of Foothills Energy Ventures LLC and High Sierra Energy LP, is holding a binding open season for up to 5.3 Bcf of firm, high-deliverability storage capacity at its proposed Monroe Gas Storage facility being developed near the city of Amory, MS.
The project was announced in the spring (see NGI, June 4).
The Monroe facility will use a depleted gas reservoir to provide multi-cycle storage with a maximum injection capability of 445 MMcf/d and a maximum withdrawal capability of 465 MMcf/d. The project will have a working gas capacity of up to 12 Bcf along with dual interconnections to Texas Eastern Transmission Co. (Tetco) in the M1 market zone and Tennessee Gas Pipeline (TGP) into the 500 Leg in Zone 1. Monroe expects the facility to be in full service within the fourth quarter of 2008.
The open season will end Dec. 20. Any company interested in contracting for storage service must submit a bid on or before the 5 p.m. CST Dec. 20. Monroe will offer customers firm storage service and market based rates under a FERC-approved tariff.
Holding a nonbinding open season for 6 Bcf of firm capacity at its proposed gas storage facility in Aberdeen, MS, is Tarpon Whitetail Gas Storage LLC. The open season ends at 5 p.m. CST Friday (Dec. 14).
The Whitetail project will be a depleted reservoir facility ultimately capable of storing about 9 Bcf. of working gas with injection capacity of 200 MMcf/d and withdrawal capacity of 300 MMcf/d. The facility is expected to be in service in spring 2009, subject to regulatory approvals.
Details on the open season are available at www.tarponstorage.com.
Whitetail will initially interconnect with Tetco in its M1 market transportation zone. Future plans are to connect to multiple pipelines in the immediate vicinity. These include Tennessee Gas Pipeline on its 500 Leg, Southern Natural Gas and Mississippi Valley Gas Co. Project backers said they will file for a certificate of public convenience and necessity with FERC later this month and will petition for market-based rates.
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