National Fuel Gas Supply Corporation Announces Open Season and Plans for Appalachian Pipeline Project
August 05 2008 - 4:13PM
Business Wire
National Fuel Gas Supply Corporation (�Supply�), the Pipeline and
Storage segment of National Fuel Gas Company (NYSE: NFG) (�National
Fuel�), has announced that it is conducting an Open Season for
capacity in the Appalachian corridor in southwestern and central
Pennsylvania that will provide transportation and storage services
to key northeast market interconnects including Ellisburg, Leidy
and Corning. The Open Season features a newly proposed pipeline
system, the �Appalachian Lateral,� to provide much-needed new
interstate pipeline infrastructure to move gas supplies produced
from the Marcellus Shale and other Appalachian producing horizons
to growing northeast markets. This Open Season will also provide
shippers the opportunity to access incremental storage capacity of
8.5 billion cubic feet via Supply�s planned expansion of certain of
its existing underground natural gas storage fields. This storage
capacity will be offered in a complementary Open Season in the near
future. The scope and size of the Appalachian Lateral will be
determined after the close of the Open Season. The Appalachian
Lateral may serve as a complement to Supply�s previously announced
West-to-East project, which is designed to move Rockies Express gas
supply from Ohio to the Northeast. Results from a 2007 Open Season
for the West-to-East project were robust and market interest
remains strong for new facilities to be built in this region where
exploration and production activity, particularly in the Marcellus
Shale, is rapidly increasing. �Many of our pipeline and storage
assets are located in the heart of the Appalachian region and
provide ready and flexible opportunities for new storage and
transportation services to accommodate new production from this
region, as well as growing demand in the Northeast. We recognize
the need for new facilities to serve growing gas markets and are
confident that we can develop this project in an orderly and timely
fashion. It will provide Appalachian Basin producers with access to
diverse markets, and offer gas distributors and marketers the
storage and transportation services they need to serve their
customers,� said Ronald J. Tanski, President, National Fuel Gas
Supply Corporation. Additional information about the transportation
and storage services offered in the Open Season can be obtained at
www.nationalfuelgas.com, or by calling National Fuel�s Interstate
Marketing Department at (716) 857-7740. The Open Season will close
at 11:00 a.m. (Eastern time) on Friday, September 12, 2008. The
Pipeline and Storage segment operations of National Fuel Gas
Company are carried out by National Fuel Gas Supply Corporation and
Empire State Pipeline. These companies provide natural gas
transportation and storage services to affiliated and
non-affiliated companies through an integrated system of nearly
3,000 miles of pipelines and 31 underground natural gas storage
fields in western New York and western Pennsylvania. National Fuel
Gas Company is an integrated energy company with $4.2 billion in
assets comprised of the following five operating segments:
Exploration and Production, Pipeline and Storage, Utility, Energy
Marketing, and Timber. Additional information about National Fuel
is available on its web site: www.nationalfuelgas.com or through
its investor information service at 1-800-334-2188.
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