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Aug. 1, 2011 /PRNewswire/ --
Monroe Gas Storage Company, LLC ("
Monroe"), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC (
www.cardinalgs.com), announced today 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, MS. 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.
The non-binding open season begins at
8:00 am CDT on
August 1, 2011 and will end at
5:00 pm CDT on
August 15, 2011. A completed Monroe Expression of Interest Form should be faxed to
Brad Ledbetter at 713-350-2575 by
5:00 pm CDT on
August 15, 2011. The Expression of Interest Form, maps and other information can be found on the
Monroe web site at
www.monroegasstorage.com or by contacting
Brad Ledbetter at 713-350-2525 and email @ (
Brandy Clark at 713-350-2504 and email @ (
Cardinal is a joint venture between Redbird Gas Storage LLC ("Redbird") and funds controlled by Energy Capital Partners, LLC ("ECP"). Since its inception in 2008, Cardinal has been focused on the development, construction, operation and management of natural gas storage facilities throughout
North America. Cardinal also owns Perryville Gas Storage LLC, Arcadia Gas Storage LLC and Cadeville Gas Storage LLC and is in the process of developing additional natural gas storage infrastructure in
North America. For more information, visit
About Redbird Gas Storage LLC
Redbird is a joint venture formed by Martin Resource Management Corporation and Martin Midstream Partners L.P. (Nasdaq: MMLP) to invest in natural gas storage related opportunities through its ownership interests in Cardinal.