Petal holding open season

Mississippi Business Journal, The, Mar 21, 2005 by Northway, Wally

PETAL - Petal Gas Storage, LLC, is holding a non-binding open season for up to five billion cubic feet (Bcf) of firm natural gas storage capacity, which is expected to be available in the fourth quarter of 2007. Petal concurrently will hold a non-binding open season for up to 500 million cubic feet (MMcf) of firm transportation on the Petal Pipeline.

Petal, a subsidiary of Houston-based Enterprise Products Partners, LP., has received authorization from the Federal Energy Regulatory Commission (FERC) to construct the above storage capacity. The storage facility has bi-directional interconnects with Tennessee Gas Pipeline, Gulf South Pipeline, Hattiesburg Gas Storage and the Petal Pipeline.

The Petal Pipeline, which is a 60-mile pipeline between the towns of Petal and Enterprise, provides access to key markets in the Southeast and MidAtlantic regions of the U.S. through bidirectional interconnects with Transcontinental Gas Pipe Line, Southern Natural Gas and Destin Pipeline. Petal recently received FERC authorization to increase the daily throughput capacity on the Petal Pipeline froth 700 MMcf per day to 1.3 Bcf per day, which allows Petal to offer the additional transportation capacity in the non-binding open season. In addition to the existing interconnects, Petal is considering requests to access Florida Gas Transmission and Gulfstream Natural Gas.

The open season began March 17, 2005, and will conclude April 13, 2005.