Cavern Three In Service at Bay Gas Storage
April 01 2008 - 3:02PM
Business Wire
Bay Gas Storage brought its third underground natural gas storage
cavern in service today. The new cavern increases total working gas
capacity by 5.4 billion cubic feet (Bcf), bringing total working
gas capacity to 11.4 Bcf at the McIntosh, Alabama facility. The
company noted that an additional .4 Bcf capacity was achieved
during the development process. Bay Gas Storage had an original
planned capacity of 5.0 Bcf for its third cavern. The cavern�s
original storage capacity was fully contracted in August of 2006.
�Bay Gas Storage provides exceptional deliverability to the Florida
market,� said Russell Murrell, Vice President Marketing EnergySouth
Midstream. �Suppliers and end users balancing supply needs expect
responsive and reliable deliverability. Our track record is proven.
Bringing cavern three in service strengthens our ability to meet
the needs of the marketplace and build on that track record,� said
Murrell. In concert with bringing cavern three in service, Bay Gas
Storage will begin salt cavern leaching of its fourth underground
storage cavern in McIntosh. The development of the company�s fourth
cavern is the first phase of a planned 10.0 Bcf expansion that will
include a fifth cavern at the south Alabama facility. Cavern four
has an expected in service date of the first quarter of 2010 and
will add 5.0 Bcf of total working gas capacity. A direct
interconnect with Transco pipeline is also under construction to
support caverns four and five and will open up the Bay Gas Storage
facility to serve Mid-Atlantic and Northeast markets. Construction
of the new pipeline is expected to be completed in advance of the
cavern four in-service date. �I am pleased with our midstream
team�s efforts -- bringing cavern three online, the construction
progress on cavern four and the direct pipeline interconnect to
Transco,� said Dean Liollio, President and Chief Executive Officer
EnergySouth, Inc. �This continues our strategy of accelerating the
growth of our midstream operations to meet the demands of a growing
market,� said Liollio. Approximately 40 miles north of Mobile Bay
and northwest of Escambia County, Florida, the company�s current
direct pipeline interconnects include FGT and Gulf South pipelines
with a direct interconnect to Transco under construction. Indirect
interconnects include Destin and Gulfstream pipelines. Bay Gas
Storage is a natural gas storage subsidiary of EnergySouth
Midstream. (www.esmidstream.com). EnergySouth Midstream is a
subsidiary of EnergySouth, Inc. (NASDAQ: ENSI;
www.energysouth.com). EnergySouth, Inc. is the parent company of a
group of energy-related subsidiaries operating in the storage and
distribution segments of the natural gas industry.
Energysouth (MM) (NASDAQ:ENSI)
Historical Stock Chart
From Oct 2024 to Oct 2024
Energysouth (MM) (NASDAQ:ENSI)
Historical Stock Chart
From Oct 2023 to Oct 2024