HOUSTON, July 31, 2015 /PRNewswire/ -- Interstate
Natural Gas Storage Services – Chestnut Ridge Storage, LLC,
owned by affiliates of eCORP International, LLC and financial
partners, is conducting a non-binding Open Season for natural gas
storage capacity and deliverability that will be offered at the
Junction Natural Gas Storage Facility that is currently under
development.
The Open Season for the initial 15 BCF of working gas capacity
will begin on August 3, 2015 and will
end at 5:00 pm CDT September 15th, 2015. After
evaluating open season submissions, Chestnut Ridge will seek to execute definitive
precedent storage service agreements with successful bidders.
The proposed facility is to be constructed within the West
Summit Field that is located in Fayette
County, PA and the counties of Monongalia and Preston in West
Virginia.
Junction Storage will be a multi-cycle, high deliverability
facility with up to 25 BCF of working gas capacity and 500,000
dth/day of peak injection and withdrawal capabilities.
The project scope includes interconnects with the Columbia Gas
Transmission, Dominion Transmission, Equitrans and Texas Eastern
pipeline systems near the town of Waynesburg, PA.
Chestnut Ridge will seek
authorization to construct the project from the Federal Energy
Regulatory Commission and will request market-based rate treatment
for this new interstate storage facility. The proposed in service
date for this facility is the 2nd Quarter of 2018, with
the potential for limited commercial operations in the
4th quarter of 2017.
The Junction Natural Gas Storage Facility will be strategically
located to provide service to the expanding pipeline networks that
are being built to transport the Marcellus and Utica natural gas production to the most
valuable markets in the United
States. Because of the facility's design it will be
unnecessary to impose restrictions that typically limit the use of
conventional gas storage in the region.
Junction Storage will provide highly flexible services that can
be specifically tailored to each customer's needs. This flexibility
will provide customers with a valuable new "on-demand" asset to
help manage strategic and operational gas requirements, including
supply, demand and transportation imbalances, basis, and seasonal
price spreads. These services can be particularly useful when the
requirements are the result of unplanned circumstances.
About eCORP International, LLC - eCORP International, LLC
is a Houston, Texas, based
privately held energy company, that is engaged in the development
of natural gas storage facilities, natural gas pipelines and
unconventional resource plays through its subsidiaries and
affiliates, For more information, visit www.eCORPIntl.com.
MEDIA CONTACTS
Patrick
Peldner
Chief Operating Officer
eCORP
International, LLC
e-mail: info@ecorpintl.com
Phone: 713-520-0993
Disclaimer at www.eCORPIntl.com/press-releases/disclaimer
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SOURCE eCORP International, LLC