Haddington

Industry Briefs

Spectra Energy Corp. has completed its $540 million acquisition of the Bobcat Gas Storage assets and development project from Haddington Energy Partners III LP and GE Energy Financial Services. The company said it expects to invest $400-450 million to fully develop the facility by the end of 2015, bringing working capacity to 46 Bcf. The Bobcat assets interconnect with five interstate pipelines, including Spectra Energy’s Texas Eastern Transmission. The deal was announced in July (see Daily GPI, July 19).

September 1, 2010

Industry Briefs

Tres Palacios Gas Storage LLC, a subsidiary of Westport, CT-based NGS Investments LP, asked the Federal Energy Regulatory Commission for clearance to place its entire storage header system in Texas in service on Monday (July 20). “Action by that day will give Tres Palacios adequate time to alert its customers to the availability of additional receipt point capabilities for storage injections and will give those customers time to make the necessary upstream transportation and gas supply arrangements,” wrote attorneys for the storage company. Tres Palacios said it was nearing completion of the construction of the segment of the header system located between interconnections with Transcontinental Gas Pipe Line and Tennessee Gas Pipeline.The 41.72-mile, looped bidirectional pipeline will be connected to a number of interstate and intrastate pipelines. In late 2008 and early this year Tres Palacios received authorization to place into service storage caverns one and two, as well as its gas handling facility and previously constructed portions of the header pipeline system (see NGI, Oct. 6, 2008). The storage facility, located in Matagorda County, TX, is using existing underground salt caverns on the Markham Dome. A third cavern is targeted for service in 2010, according to Tres Palacios. The three-cavern facility has planned working gas storage capacity of 36.62 Bcf, and will have the ability to receive injections of up to 1 Bcf/d and handle withdrawals of up to 2.5 Bcf/d.

July 20, 2009

Bobcat Seeks to Start Up Storage Pipe Facilities

Bobcat Gas Storage, a unit of Houston-based Haddington Ventures III LLC, Thursday asked FERC for the go-ahead to place into service pipeline facilities that will connect its salt dome natural gas storage project to the interstate pipeline grid. It said it intends to file a separate, concurrent request to start up its new storage facilities in St. Landry Parish, LA.

October 21, 2008