Salt

SG Resources Mississippi LLC won FERC approval last Thursday to further expand the working gas capacity of its high-deliverability salt dome natural gas storage facility in Greene County, MS, by 16 Bcf, bringing total working gas capacity to about 40 Bcf when the second expansion of its original project is completed.

SG Resources Mississippi LLC won FERC approval Thursday to further expand the working gas capacity of its high-deliverability salt dome natural gas storage facility in Greene County, MS, by 16 Bcf, bringing total working gas capacity to about 40 Bcf when the second expansion of its original project is completed.

EL Paso Natural Gas Co. (EPNG) is holding a binding open season for a proposed new 2 Bcf storage facility, comprised of four salt caverns, to be located in Pinal County, AZ. The in-service date of the first cavern is scheduled for 2013.

FERC Friday gave Bobcat Gas Storage the green light to place into service pipeline facilities that will connect its salt dome natural gas storage project in St. Landry Parish, LA, to the interstate pipeline grid (see Daily GPI, Oct. 10).

FERC Friday issued a favorable environmental review of SG Resources Mississippi LLC’s proposal to further expand the working gas capacity of its high-deliverability salt dome natural gas storage facility in Greene County, MS, by approximately 16 Bcf, bringing total working gas capacity to about 40 Bcf.

Commercial finance provider CIT Group Inc. has arranged $125 million in senior secured financings for Arcadia Gas Storage, a salt dome gas storage facility to be developed in north-central Louisiana (see Daily GPI, Jan. 25, 2007). Arcadia is owned by Cardinal Gas Storage, a 50/50 joint venture of Martin Resource Management Corp. and Energy Capital Partners. The facility is to be constructed in two phases over the next three years and will have 7.8 Bcf of working capacity. Financing for the transaction was provided by CIT Energy, a unit of CIT. The senior secured credit facilities included construction, pad gas and accordion financing.

A recently completed nonbinding open season for services at Atmos Energy Corp.’s proposed Fort Necessity salt-dome gas storage project in Franklin Parish, LA, was a success, with participants requesting more than three times the 5 Bcf of capacity proposed for the project’s first phase, the company said Friday.

SG Resources Mississippi LLC has asked FERC for permission to further increase the capacity of its high-deliverability salt dome gas storage facility in Greene County, MS, by approximately 19 Bcf, bringing total capacity to about 43 Bcf.

SG Resources Mississippi LLC has asked FERC for permission to further increase the capacity of its high-deliverability salt dome gas storage facility in Greene County, MS, by approximately 19 Bcf, bringing total capacity to about 43 Bcf.