New Underground Marcellus/Utica NatGas Storage Facility Proposed

An open season–a time when customers can sign multi-year contracts with a pipeline company–begins today…but not for a pipeline. This open season connects to pipelines but is for storage of natural gas in the Marcellus/Utica region. Chestnut Ridge Storage, LLC is a proposed underground storage facility that will be built in the West Summit Field located under portions of Fayette County, PA and Monongalia and Preston counties in WV. The new facility will be able to store an initial 15 billion cubic feet (Bcf) of natural gas, and eventually 25 Bcf. The facility, if it gets approved by the Federal Energy Regulatory Commission (FERC), will not be fully operational for another three years–in 2Q18. The open season is “non-binding” meaning customers don’t yet have to sign on the dotted line. We don’t often talk about it, but a key part of the natural gas infrastructure that delivers gas to customers is storage. Not all gas can be used as soon as it’s extracted and flowed through a pipeline. There are a series of (mostly) underground storage facilities that act as a temporary rest stop along the journey to market. A very necessary and important rest stop. The interesting thing to MDN about this particular open season announcement, aside from the fact that it’s meant to store Marcellus and Utica Shale gas, is who is building it: eCORP International…

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