Reservoir

FERC last Wednesday gave environmental clearance for Caledonia Energy Partners to convert a nearly depleted natural gas reservoir in Monroe and Lowndes counties, MS, into a high-deliverability, multi-cycle storage field with the capacity to store 11.7 Bcf of working gas.

FERC on Wednesday gave environmental clearance for Caledonia Energy Partners to convert a nearly depleted natural gas reservoir in Monroe and Lowndes counties, MS, into a high-deliverability, multi-cycle storage field with the capacity to store 11.7 Bcf of working gas.

Caledonia Energy Partners is holding an open season through June 25 for a proposed 11 Bcf gas storage project at a depleted reservoir in Monroe and Lowndes counties, MS. The proposed storage facility, which is expected to be in service in spring of 2006, is expected to have interconnections with Tennessee Gas’ 500 Leg, Texas Eastern Transmission and Southern Natural.

Caledonia Energy Partners is holding an open season through June 25 for a proposed 11 Bcf gas storage project at a depleted reservoir in Monroe and Lowndes counties, MS. The proposed storage facility, which is expected to be in service in spring of 2006, is expected to have interconnections with Tennessee Gas’ 500 Leg, Texas Eastern Transmission and Southern Natural.

North America’s leading independent producer EnCana Corp. is on track to also become the largest independent gas storage owner and operator on the continent, after announcing plans Thursday to develop a new 40 Bcf natural gas storage facility in southeastern Alberta. The Countess development, once completed, is expected to increase EnCana’s Western Canadian gas storage by almost 40%, totaling approximately 135 Bcf. Once Countess is complete, EnCana will own and operate about 180 Bcf of gas storage capacity across North America, with facilities in Alberta, California and Oklahoma.

Based on current reservoir levels, it is unlikely that hydroelectric output in the Pacific Northwest will return to normal levels in the coming year, and demand on gas-fired units will increase, a new report by Arlington, VA-based Energy and Environmental Analysis Inc. (EEA) concludes. As a result, EEA has adjusted its forecast for hydroelectric generation downward for 2002 and 2003, with a return to normal output in 2004.