AGL Resources
arrow Annual Reports    arrow Email Alerts    arrow Events    arrow Contact Us
      Search   
Press Room
About Us Investor Relations Corporate Governance Community Relations Press Room Careers
Press Room
Press Releases
Press Kit
Subscribe
Download Our Logos
Annual Reports
Earnings Releases
Home > Press Room > Press Releases > News Release
 
News Release
NYSE: AGL  $37.60  -0.24
Sep 2 2010 10:22AM ET

 
Print Friendly Version

AGL Resources' Golden Triangle Storage Announces Open Season

HOUSTON, April 16, 2007 -- AGL Resources (NYSE: ATG) today announced the start of a non-binding open season for service offerings at its proposed high-deliverability natural gas storage facility in the Spindletop salt dome in Beaumont, Texas.

Golden Triangle Storage, a wholly owned subsidiary of AGL Resources, proposes to develop a natural gas storage facility, consisting of two natural gas salt-dome storage caverns that will provide 12 billion cubic feet (Bcf) of working gas capacity. The company anticipates filing for FERC certification in mid 2007, with construction scheduled to begin in early 2008. The first 6 Bcf cavern is scheduled for full commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to be in full commercial operation in 2013.

The company is conducting an open season for both phases of the project, which includes the entire 12 Bcf working gas capacity. The open season will extend from 10 a.m. CDT on April 30, 2007, to 5 p.m. CDT on May 18, 2007.

Located at a highly liquid market point, Golden Triangle Storage will interconnect with six intrastate/interstate pipelines serving diverse markets with counter-seasonal demand. The project is located near natural gas supplies, including East Texas natural gas fields, offshore deep water wells and natural gas imported through area liquefied natural gas (LNG) terminals.

Prospective customers seeking additional project information or wishing to discuss storage opportunities at Golden Triangle Storage should contact Ed Gottlob at (832) 397-1789 or Laura Heckman at (832) 397-8503. Additional information about the project and the open season is available at www.goldentrianglestorage-texas.com.

About AGL Resources

AGL Resources (NYSE: ATG), an Atlanta-based energy services company, serves more than 2.2 million customers in six states. The company also owns Houston-based Sequent Energy Management, an asset manager serving natural gas wholesale customers throughout the nation. As a 70 percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates Jefferson Island Storage & Hub, a high-deliverability natural gas storage facility near the Henry Hub in Louisiana. For more information, visit www.aglresources.com.

SOURCE AGL Resources

Megan Mastal, +1-713-884-5432, for AGL Resources

Bookmark and Share
Back to Top
AGL Resources At-A-Glance   Fact Sheet   Site Map   Legal
© 2010 AGL Resources Inc. All Rights Reserved.