Enstor plans to integrate the facility, which is interconnected to the Trailblazer pipeline, into its existing natural gas storage platform, which ArcLight acquired in 2018.
Paul Bieniawski, Chief Executive Officer of Enstor, said: “East Cheyenne strategically expands Enstor's operations into the Rockies, Midwest, and West gas markets.”
Dan Revers, Managing Partner and Founder of ArcLight, added: “The combination of East Cheyenne, the pending acquisition of Sempra's gas storage facilities, and our existing Enstor platform will create the largest independent natural gas storage operator in the US.”
Pro forma for the Sempra transaction, Enstor claims that it will own and operate underground natural gas storage facilities in the Gulf Coast, Southwest, and Rockies regions of the US with net working gas storage capacity of more than 120 billion ft3. According to the statement, the company's natural gas storage facilities access supply from the largest US production basins and are strategically located in market areas which serve growing demand from LNG liquefaction, industrial expansions, power generation and exports to Mexico. In addition to this, the company also holds development rights to a partially constructed hydrocarbon storage asset located in the Permian basin, as well as another undeveloped asset close to Mont Belvieu, Texas.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09012019/enstor-acquires-us-natural-gas-storage-facility/