PAA Natural Gas Storage, L.P. (NYSE:PNG) today announced that it has received the necessary regulatory approvals and has placed cavern well #3 into service at its Pine Prairie storage facility. This 10 Bcf cavern increases the Partnership’s working gas storage capacity at Pine Prairie by approximately 70% from 14 Bcf to 24 Bcf and increases the Partnership’s aggregate working capacity by 25% from 40 Bcf to approximately 50 Bcf. PAA Natural Gas Storage, L.P. is a publicly traded master limited partnership engaged in the development, acquisition, operation and commercial management of natural gas storage facilities. The Partnership currently owns and operates two natural gas storage facilities located in Louisiana and Michigan that have an aggregate working gas storage capacity of approximately 50 Bcf. The Partnership’s general partner, as well as the majority of the Partnership’s limited partner interests, is owned by Plains All American Pipeline, L.P. (NYSE:PAA). The Partnership is headquartered in Houston, TX.
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