The JISH header system currently has interconnections with eight pipelines including direct access to the Henry Hub via Sabine Pipeline.
JISH has begun its expansion plans for its third cavern, which is expected to be completed by 2009.
Grams also noted that the addition of two caverns at a storage site that is so closely connected to the Henry Hub and is currently in operation should provide JISH with a competitive edge in the marketplace and provide needed storage capacity to the nation's natural gas infrastructure.
Pending state approval, the new caverns could enter commercial operation within five years, expanding the working gas capacity at JISH from approximately 8 billion cubic feet to approximately 20 Bcf.
Located near the Henry Hub, which connects Louisiana producers and end-users to the nation's natural gas pipeline energy infrastructure and is the central pricing point for natural gas futures, JISH
does significant business in Louisiana via interconnections with intrastate pipelines to several local distribution companies and to a number of industrial companies," Jewell explained.
9 /PRNewswire-FirstCall/ -- AGL Resources subsidiary Jefferson Island Storage & Hub, LLC (JISH
) announced today that the Louisiana Mineral and Energy Board approved by a 8-0 vote an operating agreement between JISH
and the state of Louisiana.
expansion is expected to result in significant economic benefits to the state and local economy during construction and on a continuing basis once the expansion is complete.
We were able to quickly rebuild at our JISH
facility, but know that is not the case for most of the area.
We were able to quickly rebuild at JISH
, but know that is not the case for most of the area.
Since acquiring JISH
last year, AGL Resources has upgraded the facility with the plan to increase our storage capacity there," said Dana Grams, senior vice president of Business Development at Pivotal, the AGL Resources' business unit that manages JISH
AGL Resources added this new operating segment in accordance with the requirements of Statement of Financial Accounting Standards No 131, Disclosures about Segments of an Enterprise and Related Information, in order to provide more transparency and visibility into the results and operations of SouthStar, as well as the results and operations of those businesses comprising the Energy Investments segment, including JISH
and Pivotal Propane of Virginia.
We're opening the bidding process now for the capacity that will be available at JISH
next year as a result of contracts expiring," said Dana Grams, senior vice president of Business Development at Pivotal, the AGL Resources' business unit responsible for managing the JISH