April 26, 2016 [OPIS] - The Mountaineer NGL Storage LLC said that it has begun an open season for up to 1.6 million bbl of initial storage capacity with more than 25,000 b/d of load-in and load-out in Ohio.
The solicitation for storage business will conclude at 5:00 p.m. Central Time on Monday, May 9, 2016.
Mountaineer NGL Storage is a Denver, Colo.-based privately held energy company that develops, owns and operates the Mountaineer NGL Storage Project.
Mountaineer is owned by its management team and has a project development agreement with private equity sponsor West Street Energy Partners, an investment fund managed by the Goldman, Sachs & Co.
The first phase of this new NGL storage facility project is slated for completion by summer 2018, with construction to begin in 2017. This project is awaiting permits before construction could begin.
The storage will be made available through a natural gas liquids storage facility (the Mountaineer NGL Storage Project) in Monroe County, Ohio, near Clarington, Ohio, along the Ohio River.
The Mountaineer NGL Storage Project will provide storage services to a growing number of gas processors, producers, markets and commodity traders that are interested in exploiting the wet gas production from the Marcellus/Utica shales. The project will be designed to store ethane, propane, butane and y-grade products.
The project will use the subsurface Salina salt formation as the storage zone. It is located in the heart of the Marcellus/Utica wet gas shale play, and is perfectly placed to provide service to the expanding network of pipelines, rail and barge infrastructure that is currently being built to transport Marcellus and Utica natural gas liquids throughout the Northeast, Mid-Atlantic, Mid-Continent and Gulf Coast.
