FERC has approved Tres Palacios Gas Storage LLC’s plan to provide firm natural gas wheeling services at market-based rates utilizing its storage cavern and header facilities, which are connected to 10 Gulf Coast inter- and intrastate pipelines.
Palacios
Articles from Palacios
Sawgrass Bows to Shale Flood, Shelves Louisiana Storage Project
In a tacit acknowledgement that the prolific Marcellus Shale has significantly lessoned the need for natural gas storage in the Gulf region, Sawgrass Storage LLC has asked FERC to vacate a previously issued certificate to convert a depleted natural gas reservoir in northern Louisiana to an interstate gas storage facility.
Shale Era Trends Shrinking Gulf Coast Storage Facility
Because “…demand for and the prices being paid for natural gas storage services in the Gulf Coast region have declined substantially, particularly over the past year,” Tres Palacios Gas Storage LLC has asked FERC for authorization to abandon up to 22.9 Bcf of working capacity at its three-cavern facility in Texas.