SAN DIEGO, March 18, 2009 – Sempra Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE), today launched a non-binding open season to solicit market interest in up to 1 billion cubic feet (Bcf) of firm, natural gas capacity at its Bay Gas Storage project near McIntosh, Ala.
The pipeline receipt-and-delivery points for the storage service includes those owned and operated by Florida Gas Transmission (FGT), Transcontinental Gas Pipeline (Transco) and Gulf South.
The high deliverability storage services offered in this solicitation of interest would provide customers with a unique capability to respond to market peaking events. These services allow customers to inject natural gas into storage when prices are low due to domestic supply and LNG imports and withdraw the gas when prices escalate.
Sempra Pipelines & Storage, through its subsidiary Sempra Midstream Inc., is seeking non-binding bid proposals from interested customers for contract terms three years and longer, with service beginning on April 1, 2009. Bids will be accepted until the close of business on March 26, 2009. For more information, interested parties should contact Russell Murrell at (281) 423-2789 or email@example.com.
The services contemplated in this open season would be supported by Bay Gas Storage, an underground salt-dome storage facility 40 miles north of Mobile, Ala., and the assets and capabilities of Sempra Midstream’s office in Houston.
Sempra Pipelines & Storage develops, builds and operates natural gas pipelines and storage facilities throughout North America. The company and its affiliates operate and/or own more than 1,200 miles of pipelines and 11.4 Bcf of storage capacity, and are developing an additional 800 miles of pipeline and more than 70 Bcf of storage capacity to help meet North America’s growing demand for energy. It also manages natural gas and electricity distribution in the United States, Argentina, Chile, Mexico and Peru.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2008 revenues of nearly $11 billion. The Sempra Energy companies’ 13,600 employees serve more than 29 million consumers worldwide.
Sempra Pipelines & Storage is not the same company as the utility, San Diego Gas & Electric (SDG&E) or Southern California Gas Company (SoCalGas), and is not regulated by the California Public Utilities Commission.