By OGJ editors
HOUSTON, Aug. 27 -- El Paso Natural Gas Co., a subsidiary of El Paso Corp., Houston, announced the purchase of Copper Eagle Gas Storage LLC, which is developing a natural gas storage project outside Phoenix. Terms of the deal were not disclosed.
The storage project will include the creation of three storage caverns out of an existing subsurface salt formation. Each cavern will have a withdrawal capacity of 320,000 Mcfd, injection capacity of 160,000 Mcfd, and a working gas storage capacity of 3.2 bcf.
The number of caverns that are developed and the timing of the development will be matched with customer needs. The storage facility will be connected to the El Paso Natural Gas pipeline system.
"Copper Eagle Gas Storage could be the first natural gas storage project developed in the Phoenix area," said Patricia A. Shelton, president of western pipeline group, El Paso Corp.
El Paso Natural Gas purchased the project from Arizona Gas Storage LLC and APACS Holdings LLC. Arizona Gas Storage is owned by GulfTerra Arizona Gas LLC., a subsidiary of GulfTerra Energy Partners LP and IntraGas US, a Gaz de France North American subsidiary. APACS Holdings is a wholly owned subsidiary of Pinnacle West Energy, a subsidiary of Pinnacle West Capital Corp.
