NGS Energy to Acquire Gas Storage Project From SNG
Posted on: Friday, 16 November 2007, 06:00 CST
Natural gas storage developer NGS Energy has announced that it will acquire the New Home natural gas storage project from Southern Natural Gas Company, a wholly owned subsidiary of El Paso Corporation, increasing NGS's access to the New Home dome for natural gas storage development.
The acquisition will advance NGS's opportunity for gas storage operations in the New Home dome and provide developmental efficiencies, enhanced risk management and economies of scale.
As part of the sale of its New Home assets, Southern Natural Gas Company (SNG) will also sign a firm storage commitment to store natural gas in the second of Leaf River's four underground salt caverns, beginning in 2010.
Source: Datamonitor
Related Articles
- Gas Natural Secures Underground Storage Capacity in Spain
- Gas Natural Deal Advances (Folo) E.ON Wins Approval in Hungary MARKETPLACE By Bloomberg
- Endesa Chief Denounces Hostile Bid By Gas Natural
- Endesa Chief Speaks Out Against Gas Natural Bid
- Mature Response to Natural Keenness: LEX COLUMN - Endesa/Gas Natural
- Endesa in Drive to Fight Off Gas Natural
- Gas Natural to Take Over Endesa
- Fears Over Endesa Bid Gas Natural Deal Could Create Monopoly
- Endesa Rejects Gas Natural Bid But Other Power Deals Are Likely Before Power Market is Freed
- Spain's Gas Natural Said to Bid for Endesa
 |
 |
User Comments (0)
RSS Feeds