ANR Storage Begins Construction of New Natural Gas Storage Facility in Michigan

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Researched by Industrial Info Resources (Sugar Land, Texas). ANR Storage Company (Houston, Texas), a business unit of ANR Pipeline Company (Houston, Texas), has begun to lay the foundations for the surface facilities for a new underground natural gas storage facility in its Kalkaska storage complex near Kalkaska, Michigan. The new Cold Springs I storage project will be the fifth ANR owned natural gas storage facility in the Kalkaska storage complex and will utilize a depleted reservoir to store the natural gas. The $25 million Cold Springs I will have a storage capacity of approximately 12 Bcf when it becomes operational sometime in November of 2008.

ANR Storage Company expects to complete the majority of the civil work and will go out for bids for the mechanical installation contract in June 2007. The major facilities to be set into place include a new compressor building, a 7,000 horsepower electric-drive compressor package, a liquids stabilizer plant and a post withdrawal natural gas processing plant to return the stored natural gas to pipeline specifications.

When the Cold Springs I storage facility comes on line in November 2008 it will join the existing Blue Lake, Rapid River, Excelsior, and Cold Springs 12 natural gas storage facilities that make up the Kalkaska Natural Gas storage complex. ANR Pipeline Company is a wholly owned subsidiary of TransCanada Corporation (NYSE:TRP) (Calgary, Alberta). TransCanada purchased the 10,600 mile, 6 Bcf/d capacity ANR Pipeline system including its natural gas storage capacity that exceeds 200 Bcf for $4.135 billion earlier in 2007 from Houston, Texas based El Paso Corporation (NYSE:EP). The sale also included El Paso’s 50 percent interest in the Great Lakes Gas Transmission system.

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