Monroe Gas Storage starts non-binding open season in Mississippi

Source: Monroe Gas Storage

Monroe Gas Storage Company, LLC, a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC, announced the start of a non-binding, 15-day open season to gauge market interest in available capacity in its 12.0 Bcf multi-cycle, interstate natural gas storage facility located in Monroe County, Mississippi.

This strategically located facility provides access to markets in the Midwest, Northeast and Southeast. Through this non-binding open season, Monroe is soliciting market interest in subscribing to firm storage capacity in its FERC 7(c) Certificated facility and anticipates providing approximately three turn service.

This open season is for up to 8.5 Bcf of firm storage capacity, with 2.9 Bcf available October 1, 2011. The facility interconnects with Tennessee Gas Pipeline Line 500 and Texas Eastern's 30-inch M-1 Zone as well as the potential to interconnect with the recently proposed Kennesaw Pipeline serving the Southeast. 

"The continued growth of the shale development, the anticipated retirement/conversion of coal fired generation in the Southeast, combined with the large amount of pipeline infrastructure completed and proposed in this area further strengthens our belief that the Monroe facility will play an important and strategic role in the natural gas supply needs in this region of the US," said Jeff Ballew, President and CEO of Cardinal.

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