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Pine Prairie Completes Successful Open Season
PAA Natural Gas Storage, parent of Pine Prairie Energy Center, on Monday said it successfully completed a nonbinding open season for bids on an aggregate of 12.5 Bcf of firm storage capacity with a starting date of April 1 during 2015, 2016 and 2017.
Located in south Louisiana, the Pine Prairie Energy Center is one of the largest salt dome gas storage facilities in the nation. It is a high-deliverability storage facility with authorization and capability to receive and inject up to 2.4 Bcf/d and to withdraw and deliver up to 3.2 Bcf/d, the Houston-based company said.
Pine Prairie is directly connected to eight large-diameter interstate natural gas pipelines and provides storage and balancing services to customers from the Northeast, Midwest, Southeast and Gulf Coast. Pine Prairie’s interconnectivity gives customers access to major supply basins throughout the United States, and the facility’s significant deliverability and proximity to major existing and developing demand centers along the Gulf Coast positions it to provide critical balancing services to a variety of end-users, including electric power generators, the growing petrochemical market and major liquefied natural gas exporters, according to the company.
PAA is a publicly traded master limited partnership, and owns and operates three natural gas storage facilities in Louisiana, Mississippi and Michigan.
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