Underground

A Kentucky-based storage developer has filed an application at the Federal Energy Regulatory Commission to construct and operate a 13 Bcf underground natural gas storage facility in Hopkins County, KY.

A unit of Naperville, IL-based Nicor Inc. announced Tuesday it plans to launch a nonbinding open season for a 5.5 Bcf independent underground natural gas storage facility in the central valley of Northern California, north of Sacramento. The open season started Wednesday and runs through May 30. Start-up of the project could be in 2010.

Enterprise Products Partners LP subsidiary Petal Gas Storage LLC has applied to FERC to further expand its gas storage facility in Petal, MS. The project would include construction of two underground salt caverns, creating 10 Bcf of working capacity, which could be completed and in service as early as the second quarter of 2010.

A proposed 20 Bcf underground natural gas storage facility in Northern California drew strong interest in a recently completed open season, said its two principal backers, a subsidiary of Portland, OR-based Northwest Natural Gas Co. and San Francisco-based Pacific Gas and Electric Co. (PG&E).

Coming in well within expectations, the Energy Information Administration (EIA) reported Thursday morning that 155 Bcf was removed form underground natural gas storage for the week ended Jan. 18. Despite the current bearish landscape, rumored short-covering ahead of the expiration of February natural gas futures produced a rally. The prompt-month contract recorded a high of $7.840 before closing out the day at $7.802, up 18.1 cents from Wednesday.

A proposed 20 Bcf underground natural gas storage facility in Northern California drew strong interest in a recently completed open season, said its two principal backers, a subsidiary of Portland, OR-based Northwest Natural Gas Co. and San Francisco-based Pacific Gas and Electric Co. (PG&E).

AGL Resources’ Golden Triangle Storage Inc. received a FERC certificate Dec. 31 for its proposed underground gas storage project as well as for market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, TX.

AGL Resources’ Golden Triangle Storage Inc. received a FERC certificate Monday for its proposed underground gas storage project as well as for market-based rates for the services it will provide. The project is located in the Spindletop salt dome on the southern edge of Beaumont in Jefferson County, TX.

The Energy Information Administration (EIA) reported Thursday morning that only 39 Bcf was injected into underground storage for the week ended Oct. 12. While the number was supportive of near-month natural gas futures initially, the November contract once again failed to settle above embedded resistance at $7.500, closing out the day’s regular session at $7.374, down 8.4 cents from Wednesday.