Floridian Natural Gas Storage Company, LLC is now accepting requests for service for liquefied natural gas storage in Indiantown, Florida. Click here for more information.

Floridian Natural Gas Storage Company, LLC is now accepting requests for service for liquefied natural gas storage in Indiantown, Florida. Click here for more information.

Floridian Natural Gas Storage Company Wins Approval to Build Gas Storage Facility in Indiantown

NEWS RELEASE
May 8, 2008

The Martin County (FL) Board of County Commissioners voted Tuesday to approve Floridian Natural Gas Storage Company's request to develop two liquefied natural gas storage tanks in southern Florida, near Indiantown in Martin County.

Nineteen Indiantown and Martin County residents spoke in support of the project during the public hearing that led to the commissioners' decision.

"The Floridian Natural Gas Storage facility is part of our bright future," said Scott Watson, chairman of the Indiantown/Western Martin County Chamber of Commerce. "Indiantown looks forward to this project, we need this project, the state needs natural gas storage, we need the jobs," he added.

"This is too good of a project to pass up," said Commissioner Lee Weberman before voting in to approve the facility. The commissioner's sentiment was echoed by Business Development Board Executive Director Ron Bunch who said "It makes a lot of sense for the county and for Indiantown."

All necessary state and local approvals needed to build the eight-billion-cubic-foot gas storage facility have been received by Floridian Natural Gas Storage Company. The Federal Energy Regulatory Commission (FERC) has issued a draft Environmental Impact Statement, finding no significant negative impact, as part of the agency's review of the proposed facility. FGS expects to receive its 7(c) certificate from the FERC this summer.

"Pending FERC approval, we hope to break ground on the facility in the first quarter of 2009 and be ready to operate by 2012," said Brad Williams, one of the company's principals. "The people of Indiantown and Martin County have been terrific to work with and we look forward to many, many years together -- as neighbors, associates and friends," he said.

The Floridian project will provide natural gas storage services to utilities and other Florida users and benefit Florida consumers by enhancing system reliability, contributing to hurricane hardening efforts, reducing utility fuel costs and reducing greenhouse gas emissions by reducing the burning of fuel oil.