Wednesday, October 10, 2007

Inergy unit sets open season on NY state gas storage

NEW YORK, Oct 10 (Reuters) - Inergy LP (NRGY.O: Quote, Profile, Research) said Wednesday its wholly owned Inergy Midstream LLC unit was conducting a nonbinding open season to gauge interest in firm natural gas storage services in central New York state.

The company said it was considering the development of both a depleted gas reservoir and conversion of certain salt dome caverns to natural gas storage in Steuben County and surrounding areas.

The services would interconnect to several natural gas pipelines, including Tennessee Gas Pipeline and Columbia Gas Transmission, with potential connections to Dominion Gas Transmission, Empire Pipeline and Millennium Pipeline.

The open season will run through Nov. 2, with an anticipated initial in-service date for the facilities in autumn 2009.

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