More than a decade after its last large build-out, natural gas salt dome storage is undergoing a revival along the Gulf Coast as LNG exports and renewables raise demand and prices for the flexible storage option. In February, Gulf Coast Midstream Partners LLC (GCM) filed with Texas regulators to build the region’s first greenfield salt…
Enstor
Articles from Enstor
Open Season Planned for Caledonia Storage Expansion
Houston-based Enstor Inc., a unit of Spain’s Iberdrola SA, will begin accepting binding bids for firm storage capacity at its Caledonia Gas Storage Field in northeast Mississippi, the company said Wednesday. Bidding will begin Aug. 6 and close at 5 p.m. CDT on Aug. 20.
July 24, 2008
Industry Briefs
Iberdrola Renewables’ U.S. energy business, PPM Energy, announced that its subsidiary, Enstor Inc., completed the acquisition of ownership interests in the Freebird Gas Storage facility in Lamar County, AL from Houston-based Multifuels LP and Denham Capital. The transaction is valued at $164 million subject to adjustments. RBC Capital Markets advised on the sale. The natural gas storage facility has an existing working capacity of 7.6 Bcf with the potential to be expanded up to 11.4 Bcf. The Freebird facility is located on the Tennessee 500 line. The Northwest Alabama Gas District is a co-owner of the facility.
December 24, 2007
Industry Brief
Iberdrola Renewables’ U.S. energy business, PPM Energy, said subsidiary Enstor Inc. completed the acquisition of ownership interests in the Freebird Gas Storage facility in Lamar County, AL, from Houston-based Multifuels LP and Denham Capital. The transaction is valued at $164 million subject to adjustments. RBC Capital Markets advised on the sale. The facility has a working capacity of 7.6 Bcf with the potential to be expanded to 11.4 Bcf. The Freebird facility is on the Tennessee 500 line. The Northwest Alabama Gas District is a co-owner of the facility.
December 21, 2007
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