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Tag Archives: gas storage

New York-based fund buys salt dome complex

SMITH COUNTY — Macquarie Infrastructure Partners II (MIP II), a North American infrastructure fund headquartered in New York, completed the acquisition of Leaf River Energy Center LLC from NGS Energy, LP. Terms of the transaction were not disclosed. Leaf River is an underground salt cavern facility located in Smith County. The Leaf River complex currently consists of two commercially operational ...

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Energy says salt dome project 'effectively terminated'

SOUTH MISSISSIPPI — The U.S. Department of Energy says the proposal to use South Mississippi salt domes to store petroleum is “effectively terminated” because no federal money is designated or proposed for the project. The department published notice Sept. 9 in the “Federal Register” that it had stopped preparing an environmental impact statement for the project. The notice comes months ...

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LDH Energy selling business unit, including Hub City facility

HATTIESBURG — Louis Dreyfus Highbridge Energy, LLC (LDH Energy) has entered into a definitive agreement to sell its Midstream Assets business segment, LDH Energy Asset Holdings, LLC, to ETP-Regency Midstream Holdings, LLC, a joint venture owned by Energy Transfer Partners, L.P., and Regency Energy Partners, L.P., for approximately $1.925 billion in cash. LDH Energy’s Midstream Assets consist of energy infrastructure ...

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Texas company buying Southern Pines for $750M

GREENE COUNTY — PAA Natural Gas Storage of Houston, Texas, has entered into a definitive agreement to acquire SG Resources Mississippi, LLC. The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility. Total consideration is approximately $750 million. Subject to regulatory approval, the transaction is expected to close during the first quarter of 2011. ...

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