"Bobcat storage is actually developing an underground salt cavern that will be used to store natural gas," explains Jamie Craddock, VP of Marketing and Public Relations for Bobcat Gas Storage.
Not only is the storage unit a benefit for gas companies but this company will bring a boost to the local economy. Bobcat has committed to hiring locals for their permanent and construction jobs.
"If people are qualified, we want to hire local folks. During construction, which will last 12 to 18 months, we're looking at hiring 100 people employed during the construction process."
Not only are new jobs a plus for the economy but the Texas storage builder is already in business with 18 Louisiana companies.
The underground salt storage facility offers other benefits as well. With a well managed portfolio, it can help utility companies even out prices over time.
"It's not a cure all," Craddock says. "It's not going to make prices lower tomorrow but used correctly it can be a great tool to get to that point."
Bobcat Gas Storage Company plans to have the Port Barre facility up and running by late 2007.
For more information including a video broadcast on this story visit the KATC Channel 3 News Site.
•
del.icio.us
digg
facebook
E-mail this release to a friend (requires login).