|
2007 News Releases
Date: May 17, 2007
Gulfstream Natural Gas System
L.L.C.
Sets Open Season for Proposed Mainline Expansion
TAMPA, Fla. - Gulfstream Natural Gas System, L.L.C. announced today
that it will conduct an open season from June 1 to August 31 to
gauge market interest in an expansion of its existing natural gas
pipeline system to serve Florida's rapidly growing natural gas market.
New service from the mainline expansion is anticipated to be available
beginning in late 2011, pending Federal Energy Regulatory Commission
and other agency approvals.
"The Florida natural gas market continues to experience robust
growth at rates far above the national average. We expect this growth
will continue through the next decade," said Brad Reese, Gulfstream
vice president. "Gulfstream will be fully subscribed in 2009
and this mainline expansion will provide our customers with an opportunity
to address their future energy needs with flexible, reliable transportation
services for 2011 and beyond."
Up to 750,000 dekatherms per day of incremental firm transportation
service will be made available through the open season.
"This project will allow us to economically serve our customers'
future natural gas needs while taking Gulfstream to the next level,"
Reese added. "We have planned this expansion to offer our customers
the flexibility needed to meet their service requirements."
Additional open season details will be available on Gulfstream's
Web site at www.1line.gulfstreamgas.com starting June 1. Shippers
desiring to secure capacity will be required to submit a non-binding
nomination and a refundable deposit.
Placed into service in May 2002, Gulfstream Natural Gas System
L.L.C. is a 691-mile pipeline system with the capacity to deliver
1.1 billion cubic feet of natural gas each day to serve Florida's
growing energy needs. The pipeline is a joint development between
Williams (NYSE:WMB) and Spectra Energy (NYSE:SE).
# # #
|
