Capital Markets | Private Equity Activity
Cardinal Begins Open Season for Gulf Coast Gas Storage Projects
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Cardinal Gas Storage Partners LLC has reported the start of non-binding open seasons, beginning Wednesday, October 16, 2013 and running through Friday, November 1, 2013, for wholly owned subsidiaries, Arcadia Gas Storage, LLC and Monroe Gas Storage Company, LLC.
These open seasons will gauge market interest in available capacity at each facility. These strategically located facilities, Arcadia in North Louisiana and Monroe in Mississippi, provide access to markets in the Midwest, Northeast and Southeast.
Through these non-binding open seasons, Arcadia and Monroe are soliciting market interest in subscribing to firm storage capacity, and anticipate providing multi-cycle service as requested by the market. These open seasons are for approximately 6.0 Bcf of firm storage capacity at Arcadia…
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