Plains and Cheniere enter 10-year storage agreement

Plains All American Pipeline and Cheniere Energy Partners have entered into a storage service agreement.
Plain’s subsidiary, Pine Prairie Energy Centre, has the 10-year storage service agreement with Cheniere’s subsidiary, Sabine Pass Liquefaction.
Under the agreement, Pine Prairie will provide eight billion cubic feet of natural gas storage capacity to Cheniere beginning in 2018 to serve the storage needs of the Sabine Pass Liquefaction facility.
Plains natural gas storage senior vice president Ben Reese says: ‘As demand for natural gas continues to grow, Plains All American’s flexible, reliable and highly interconnected gas storage assets are uniquely located to provide high injection, withdrawal and balancing services to meet the diverse, growing needs of the market.’
Corey Grindal, vice president of supply at Cheniere says: ‘With this new agreement, we will be able to more effectively manage the load swings as we construct and operate our liquefaction trains at Sabine Pass.’