AGL Resources' Golden Triangle Storage Open Season Begins
HOUSTON, April 30 -- A non-binding open season
begins at 10 a.m. CDT today for AGL Resources' (NYSE: ATG) proposed high-
deliverability natural gas storage facility in the Spindletop salt dome in
Beaumont, Texas. The open season for 12 billion cubic feet (Bcf) of working
capacity will extend through 5 p.m. CDT May 18, 2007.
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. The first 6 Bcf cavern is scheduled for full
commercial operation in spring 2011, with the second 6 Bcf cavern scheduled to
be in operation in 2013.
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 should contact Ed Gottlob at (832) 397-1798 or Laura
McGuire Heckman at (832) 397-8503. Additional information, including bid
procedures and a bid form, 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
CONTACT: Megan Mastal, +1-713-884-5432, for AGL Resources
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