Wednesday, November 25, 2009

Natural-gas storage facility to be built in Louisiana

HOUMA, La. - BCR Holdings, owned by a New-York based investment firm, is working to build a new $230 million natural-gas storage facility in Lafourche Parish.
BCR is developing a natural salt cavern just south of Larose to store the gas.
The facility, called Bully Camp Gas Storage, would provide a “first stop” for storage in what is already a hub for pipeline activity, said Tom Cook, executive vice president of development for the project.
“The producers of deepwater gas that comes in (only) have access to storage farther north,” Cook said.
Currently, the company is hosting an open season, or comment period, through Dec. 18 to gauge interest in natural-gas storage from local pipeline companies, Cook said.
BCR Holdings intends to file paperwork for the project with the Federal Energy Regulatory Commission by December, and state and local permitting would follow.
The facility would consist of a plant on 11.5 acres next to the Williams Discovery Gas & Pipeline processing plant in Larose, which filters and processes natural gas before sending it out into nearby pipelines. The potential storage site itself sits about 5.5 miles south of there on 1,700 acres of marshland property.
The two salt dome caverns will store about 15 billion cubic feet of gas, enough to power 220,000 homes for a year.
Construction is planned to start in about a year, and the facility would be operational by the end of 2013.

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