Natural Gas Company Once Again Eyes Indiantown Site for Storage Facility
By Lisa Broadt, Stuart News
May 1, 2014
INDIANTOWN — After a six-year lull, Floridian Natural Gas says it will resume work creating a natural gas storage facility on State Road 710, west of Indiantown.
Representatives from Floridian on Thursday met with Martin County Growth Management to discuss minor changes to their site plan, including reduction in height of one of its two planned storage tanks from 175 to 102 feet.
The site plan adjustments correlate to changes in the company’s business plan, said outreach consultant Maureen Saltzer.
In 2008, Floridian Natural Gas proposed the construction of two storage tanks, capable of holding 8 million cubic feet of liquefied natural gas on the 145-acre Ameristeel Superfund site.
But the project hinged on Floridian being able to lease storage space from Florida Power & Light Co. and other utilities, and when FPL backed out, the project stalled.
The $600 million project would have brought 300 construction jobs and 30 permanent jobs to the area, according to Floridian.
Now, Floridian promises a similar business — but with a more modest start.
“Six years in the energy industry is an eternity and the whole landscape has changed,” Saltzer said. “We decided with our first tank we didn’t need all (175 feet).”
Saltzer said that — as promised in 2008 — construction could bring hundreds of jobs to the area.
Floridian expects to break ground in summer.
Construction will take approximately 18 months, and in addition to the storage tanks, Floridian will build an administrative complex.
The company on Thursday said it may hook into Indiantown water, an extension that could cost over $400,000.
In 2008, Florida Atlantic University estimated the operation would add $19 million a year to Martin County’s economy and more than $1.6 million in annual taxes to the county. It was the first natural gas storage facility in Florida to be approved by the Federal Energy Regulatory Commission.