Energy News  
ENERGY TECH
Cardinal Gas Storage Partners Acquires Two Natural Gas Storage Development Projects

Salt domes are very large geologic formations found along the Gulf Coast. In addition to being a good site to find oil and natural gas (discoveries near the Spindletop dome ignited the oil boom in 1901), salt domes make excellent containers to store hydrocarbons like natural gas.
by Staff Writers
 Houston TX (SPX) Jun 20, 2008
 Cardinal Gas Storage Partners has announced that it has acquired two natural gas storage development projects from CenterPoint Energy Gas Transmission Company (CEGT) an indirect, wholly-owned interstate natural gas pipeline subsidiary of CenterPoint Energy.

The projects, located near the Perryville Hub, in north Louisiana, include a salt dome storage development project and a depleted reservoir storage development project.

The salt dome storage development project, Perryville Gas Storage, is expected to consist of up to 22.5 billion cubic feet (Bcf) of high-deliverability working gas storage capacity with multiple interconnects, including CEGT's Perryville Hub header system near Delhi, Louisiana. Cardinal expects commencement of operations in 2012 and has recently announced that a non-binding open season will begin on June 23, 2008.

The depleted reservoir storage development project, Cadeville Gas Storage, is expected to consist of up to 16.5 Bcf of working gas capacity with three major interconnects and potential for up to four turn capability. Cardinal expects commencement of operations in 2011.

Cardinal President and CEO, Jeff Ballew said, "The Perryville area is an important natural gas liquidity point, but it lacks one key component -- storage. With the recent shale gas discoveries west of this location, including the recently announced Haynesville Shale, and the new pipelines bringing this gas to the Northeast, Midwest, Mid Atlantic and Florida markets, Perryville will become even more important.

"We look forward to developing these complementary projects. The addition of both reservoir and salt storage with multiple interconnects at the Perryville Hub will bring enhanced reliability and value to our customers."

"We're pleased to be entering into this important and strategic transaction with a proven storage developer and we look forward to the expeditious development of these key assets," said Cy Zebot, CEGT Senior Vice President and Chief Commercial Officer.

"As we move forward with our plans to further develop our Perryville Hub, having storage available is a key component to the overall strategy of becoming the premier natural gas market center in the United States."

Community
 Email This Article
 Comment On This Article
Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 Cardinal Gas Storage Partners
 Powering The World in the 21st Century at Energy-Daily.com


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
China to raise petrol, diesel prices by 16 pct: Xinhua
 Beijing (AFP) June 19, 2008
 China will raise petrol and diesel prices by more than 16 percent from Friday to reduce the gap with soaring international oil prices, the official Xinhua news agency reported, quoting the country's top economic planner.






ENERGY TECH
  • China's cheap fuel underpins global oil price spike
  • Cardinal Gas Storage Partners Acquires Two Natural Gas Storage Development Projects
  • 100 Wind Farms Open For European Wind Day 2008
  • Analysis: Syrian-Turk energy cooperation

    • CIVIL NUCLEAR
  • France OKs work to resume on nuclear reactor
  • Areva to create world's largest uranium mine in Namibia
  • Russian Nuclear Agency Rejects Rumors Of Radiation Leaks
  • Japan PM says wants 'normal' ties with NKorea

    • BLUE SKY
  • Field Project Seeks Clues To Climate Change In Remote Atmospheric Region
  • US And UK Research Centers Launch Major Collaboration On Atmospheric Studies
  • NASA Satellites Illuminate Influence of Pollution On Clouds And Climate
  • New clean air rules may endanger parks

    • WOOD PILE
  • Tropical Forest Sustainability Could Be A Climate Change Boon
  • Plan To Conserve Forests May Be Detrimental To Other Ecosystems
  • Britain, Norway launch fund to preserve Congo Basin rainforest
  • If A Tree Falls In The Forest And No One Hears It Does The Climate Change

    • FARM NEWS
  • EU to raise ceilings on fishing fuel aid, but no move on tuna ban
  • US breadbasket state Iowa faces crop losses from flooding
  • Italian and French fishermen oppose blue fin tuna ban
  • Panic over delayed rainfall grips northern Nigeria

    • CAR TECH
  • Green car bonus to push French budget into red: report
  • Montreal Develops A Unique And Innovative Public Bike System
  • Hungarian "Solo" concept car, super-light and super-ecological
  • Toyota says to ramp up production in China

    • AEROSPACE
  • DARPA Technology Enables Continued Flight In Spite Of Catastrophic Wing Damage
  • The Tu-144: The Future That Never Was
  • China's new jumbo-jet firm no threat to Airbus, Boeing: state media
  • China unveils new jumbo jet company: report

    • NUCLEAR SPACE
  • Nuclear Power In Space - Part 2
  • Outside View: Nuclear future in space
  • Nuclear Power In Space

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement