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Monroe Gas Storage Announces Open Season for Gas Storage Capacity in Mississippi

Posted on: Thursday, 29 May 2008, 09:01 CDT

DENVER, May 29 /PRNewswire/ -- Monroe Gas Storage Company, LLC (MGS), a joint venture of Foothills Energy Ventures, LLC and High Sierra Energy, LP, will be launching a binding open season for up to 3.3 BCF of firm, high deliverability storage capacity at its proposed facility being developed near the city of Amory, Mississippi. The Monroe facility will use a depleted natural gas reservoir to provide multi-cycle natural gas storage with a maximum injection capability of 445,000 Mcf/d and a maximum withdrawal capability of 465,000 Mcf/d. The Monroe Gas Storage Project will have dual interconnections to Texas Eastern Transmission Company (TETCO) in the M1 market zone and Tennessee Gas Pipeline (TGP) into the 500 Leg in Zone 1. Monroe expects the facility to be in full service by April 1, 2009.

The binding open season will extend from June 2, 2008 to June 13, 2008. Any company interested in contracting for storage service must submit a bid on or before the 5 p.m. CDT June 13th deadline. MGS will offer customers firm storage service and market based rates under a FERC-approved tariff.

Parties interested in obtaining capacity in Monroe should contact Kevin Legg at 303-951-4280, or klegg@foothillsenergy.com, to obtain a bid package. Additional information about the Monroe facility and the open season is available at http://www.monroegasstorage.com/.

Monroe Gas Storage Company, LLC

CONTACT: Kevin Legg of Monroe Gas Storage Company, LLC, +1-303-951-4280,klegg@foothillsenergy.com

Web site: http://www.monroegasstorage.com/

Source: PRNewswire

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