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.
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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.
December 10, 2013
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