Pipelines

Inergy LP subsidiary Inergy Midstream LLC said it is buying the Seneca Lake natural gas storage facility in Schuyler County, NY, and two related pipelines from New York State Electric & Gas Corp. (NYSEG) for about $65 million. Seneca Lake is an approximately 2 Bcf salt cavern facility on Inergy’s US Salt property outside Watkins Glen, NY, and has a maximum withdrawal capability of 145 MMcf/d and maximum injection capability of 75 MMcf/d. Seneca Lake at close of the acquisition is expected to be contracted with a weighted average maturity of its firm storage capacity extending to 2015. Inergy said it anticipates closing the transaction by mid-2010.

Inergy LP subsidiary Inergy Midstream LLC said Monday it is buying the Seneca Lake natural gas storage facility in Schuyler County, NY, and two related pipelines from New York State Electric & Gas Corp. (NYSEG) for about $65 million.

Effective Thursday affiliated pipelines Texas Eastern, Algonquin and Maritimes & Northeast are lifting restrictions on creation of due-pipe and due-shipper payback imbalances.

Blue Sky Gas Storage LLC has received a certificate from FERC to construct and operate a natural gas storage field and associated pipelines in Colorado. The project is intended to serve Rockies gas producers.

Blue Sky Gas Storage LLC has received a certificate from FERC to construct and operate a natural gas storage field and associated pipelines in Colorado. The project is intended to serve Rockies gas producers.

MRT said it would end Tuesday the System Protection Warning it had implemented on Thanksgiving Day.

With pipelines under way to move natural gas supplies in almost every direction, basis differentials that have “plagued” Rockies natural gas for so long are nearly gone, Williams CEO Steve Malcolm said last week.

With pipelines under way to move natural gas supplies in almost every direction, basis differentials that have “plagued” Rockies natural gas for so long are nearly gone, Williams CEO Steve Malcolm said Tuesday.

Inergy LP’s Inergy Midstream, LLC subsidiary said Wednesday its recent open seasons on two Northeast pipelines received a resounding response and both projects will now move forward with expected in-service targets of fall 2011. The pipes will further open up access to the booming Marcellus Shale play.