trending Market Intelligence /marketintelligence/en/news-insights/trending/MSM0EscjzsuuS4eTd7CDfg2 content esgSubNav
In This List

FERC allows La. gas storage facility to drop 10-Bcf cavern from plans

Blog

Global M&A By the Numbers: Q3 2021

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?


FERC allows La. gas storage facility to drop 10-Bcf cavern from plans

The Federal Energy Regulatory Commission allowed Bobcat Gas Storage to stop development on a long-delayed piece of an expansion project at its Louisiana natural gas storage facility.

FERC issued an Oct. 18 order vacating part of an authorization first issued March 2009 and later amended for a three-cavern expansion of its underground salt dome storage facility in St. Landry Parish. Bobcat asked for the order Feb. 13, just after the commission slipped below the minimum number of members necessary to vote on major business. The company told the commission it had no plans to build and operate one of the three caverns or the pipeline and compression facilities connected with that cavern.

The company had asked for extensions of time in 2012 and 2015 to complete construction of the expansion. According to files connected with a March 2010 amendment to the expansion, the unbuilt cavern would have added almost 10 Bcf of working gas capacity to four caverns that will now contain just under 40 Bcf of working gas capacity.

Bobcat Gas Storage, a former Spectra Energy Partners LP company, is now the business name for Port Barre Investments LLC. (FERC docket CP09-19, CP10-30, CP11-124, CP16-73)