Evangeline

Boardwalk Pipeline Partners LP has agreed to acquire Chevron Petrochemical Pipeline LLC, owner of the Evangeline ethylene pipeline system, for $295 million in cash. Boardwalk plans to connect the pipeline to its Louisiana storage facilities.

PAA Natural Gas Storage LP (PNG) has filed with FERC an application to expand its Pine Prairie Natural Gas Storage salt cavern facility in Evangeline Parish, LA. The proposal calls for the construction of an additional 32 Bcf of working gas storage capacity, including two new 12 Bcf caverns and the expansion of permitted capacity for caverns two through five to 12 Bcf from 10 Bcf each.

IntercontinentalExchange (ICE) has listed the Pine Prairie gas storage facility in Evangeline Parish, LA, as a gas market hub on the ICE over-the-counter (OTC) trading platform.

PAA Natural Gas Storage LLC has begun commercial operations of the second of three storage caverns at its Pine Prairie facility in Evangeline Parish, LA, increasing aggregate working gas capacity to approximately 13.8 Bcf. Phase I development of the Pine Prairie facility consists of three caverns with aggregate permitted capacity of 24 Bcf. The first cavern began operation in October. The second cavern received the requisite permits in March and has just begun operations. Leaching operations on the third cavern began in December, and this cavern is expected to begin operations during the second quarter of 2010. The company is indirectly owned 50% by Plains All American Pipeline LP and 50% by Vulcan Capital.

The Federal Energy Regulatory Commission Wednesday gave the green light to Prairie Energy Center to put the first of three caverns into service in Evangeline Parish, LA, about 50 miles from Henry Hub. The storage project, which was authorized by FERC in May 2005, will provide 24 Bcf of working gas capacity when completely finished, with each cavern storing 8 Bcf. The facility will be capable of withdrawing gas at a rate of up to 2.4 Bcf/d and of injecting gas at a rate of up to 1.2 Bcf/d. The entire project is targeted for completion by the fourth quarter of 2010. Pine Prairie is an indirect subsidiary of PAA/Vulcan Gas Storage LLC, in which Plains All American Pipeline LP owns a 50% interest.

FERC has issued a favorable environmental review of Egan Hub Storage LLC’s proposal to add 10.5 Bcf of total storage capacity (8 Bcf working gas) at its facility in Acadia and Evangeline Parishes, LA.

FERC has issued a favorable environmental review of Egan Hub Storage LLC’s proposal to add 10.5 Bcf of total storage capacity (8 Bcf working gas) at its facility in Acadia and Evangeline Parishes, LA.