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Home > About Us > Our Business > Energy Investments > Golden Triangle Storage
 
Energy Investments: Golden Triangle Storage
NYSE: ATG  $33.58  +0.59
Jul 8 2008 3:50PM ET

 
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Project Information

Golden Triangle Storage offers customers
  • high-deliverability storage at a liquid market point
  • easy access to multiple supply sources, including liquefied natural gas imports
  • interconnections with six pipelines serving diverse markets with counter-seasonal demand.
The natural gas storage facility initially will provide 12 billion cubic feet (Bcf) of working gas capacity, with potential future expansion to 28 Bcf. AGL Resources’ Houston-based Pivotal Energy Development expects to finalize engineering plans and obtain regulatory permits to begin construction in 2008. The first salt dome cavern is slated to begin commercial operations in late 2010 or early 2011, with a second 6 Bcf cavern online in 2013.

Located in the Spindletop salt dome in Beaumont, Texas, Golden Triangle Storage offers customers a central location to serve local markets, the Houston Ship Channel and customers in the Northeast, Mid-Atlantic and Southeast.

Interconnections include
  • Florida Gas Transmission (downstream of station 6)
  • Texas Eastern Transmission (WLA pool)
  • Centana Pipeline
  • Energy Transfer Company’s Texoma line
  • Kinder Morgan Texas
  • ExxonMobil’s Golden Pass Pipeline (under construction)
Click for enlarged view >

On the supply side, Golden Triangle Storage offers easy access for East Texas onshore production, including Barnett Shale and Bossier Sands gas, as well as deepwater supplies. In addition the facility is conveniently located near an expected 8 to 11 Bcf/d of LNG imports from terminals along the Sabine-Lake Charles corridor.

Natural Gas Supply

Click for enlarged view >

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