The Federal Energy Regulatory Commission issued a certificate to a Kentucky-based storage developer to construct and operate a 13 Bcf underground natural gas storage facility in Hopkins County, KY. Orbit Gas Storage Inc. of Henderson, KY, proposes to convert the depleted White Plains Gas Field to gas storage and build an approximately 22-mile pipeline header, compressor station and associated facilities (see NGI, June 9, 2008). The Kentucky Energy Hub Project would have an estimated 5 Bcf of working capacity and 8 Bcf of cushion gas, the company said. It further noted that the project would have the capability to deliver and inject gas at a rate of approximately 100 MMcf/d and would interconnect with ANR Pipeline near Rabbit Ridge, KY [CP08-409]. The Commission approved Orbit’s request to charge market-based rates for firm and interruptible storage services in interstate commerce.
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Kentucky Storage Project Gets FERC Nod
FERC Thursday issued a certificate to a Kentucky-based storage developer to construct and operate a 13 Bcf underground natural gas storage facility in Hopkins County, KY.
Orbit Gas Gets Favorable Environmental Nod
FERC Friday issued a favorable environmental assessment (EA) of a Kentucky-based storage developer’s proposal to construct and operate a 5 Bcf underground natural gas storage facility in Hopkins County, KY.
Industry Briefs
The developer of the Bobcat Gas Storage facility in St. Landry Parish, LA, Port Barre Investments LLC, asked FERC for permission to leach three new salt dome caverns to hold an additional 24 Bcf of working gas, expand the Bobcat Compressor Station, add four meter stations and loop the North and West Pipeline Corridors. The storage facility currently is certificated for two caverns totaling 15.6 Bcf of working capacity. The expansion would raise the facility’s working capacity to 39.6 Bcf and increase the maximum deliverability to 3 Bcf/d from 1.2 Bcf/d and maximum receipt capacity to 1.6 Bcf/d from 900 MMcf/d. FERC earlier gave Bobcat Gas Storage the green light to place one of the previously certificated caverns in service (see NGI, Nov. 10). The cavern was expected to have 6 Bcf of total storage capacity at start-up, and is expandable to 7.8 Bcf. Helping to develop the facility is Haddington Energy Partners III LLC, a private equity fund. The Bobcat facility is 45 miles from Henry Hub and provides access to gas from offshore in the Gulf of Mexico and onshore in Texas and Louisiana.
Bobcat Proposes to More Than Double Working Gas Capacity
The developer of the Bobcat Gas Storage facility has asked FERC for authorization to more than double the working gas capacity at its salt dome storage project in St. Landry Parish, LA.
As Losses Climb, Cheniere Shares Spike on Financing Deal
Foundering liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. continued to produce more red ink than regasified LNG in the second quarter as losses more than tripled from the year-ago period and more than doubled from the first quarter. However, investors took heart from the company’s announcement that it had secured $250 million in financing.
Losses Climb at Beleaguered Cheniere Energy
Foundering liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. continued to produce more red ink than regasified LNG in the second quarter as losses more than tripled from the year-ago period and more than doubled from the first quarter. However, investors took heart from the company’s announcement that it had secured $250 million in financing.
Orbit Gas Seeks to Build Storage Facility in Kentucky
A Kentucky-based storage developer has filed an application at the Federal Energy Regulatory Commission to construct and operate a 13 Bcf underground natural gas storage facility in Hopkins County, KY.
Belt-Tightening Continues at Cheniere Energy
Struggling liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. chalked up a $50 million loss in the first quarter as the company explores options for its business, unwinds contracts and lets go of employees.
Cheniere Posts $50M 1Q Loss, Continues Scaling Back
Struggling liquefied natural gas (LNG) terminal developer Cheniere Energy Inc. chalked up a $50 million loss in the first quarter as the company explores options for its business, unwinds contracts and lets go of employees.