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
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