Perryville(SM) Gas Storage LLC Accepts FERC 7(c) Certificate

HOUSTON, Feb. 5 /PRNewswire/ -- Perryville(SM) Gas Storage LLC ("Perryville"), a wholly-owned subsidiary of Cardinal Gas Storage Partners LLC ("Cardinal"), announced on Thursday that it has formally accepted the certificate issued by the Federal Energy Regulatory Commission ("FERC").  The FERC had approved Perryville's application under section 7(c) of the Natural Gas Act and Part 157 of the FERC's regulations requesting a certificate of public convenience and necessity authorizing the construction and operation of a natural gas storage facility.  Perryville is developing a high-deliverability salt cavern natural gas storage facility located about 15 miles southwest of Delhi, Louisiana.  The header system will provide the Perryville storage customers with access to the major Northeastern, Gulf Coast and Southeastern markets through the Perryville(SM) Hub, with multiple major interstate pipeline connections.  Initially, the header system will connect to the Columbia Gulf Transmission and CenterPoint Energy Gas Transmission pipelines.  Capacity for the first cavern has been fully contracted.

"We are pleased that the FERC approved our application in a timely manner allowing us to maintain our schedule of bringing the first cavern on line in late 2012.  As demonstrated by selling 100% of the capacity in the first cavern in the current market, the Perryville project has an exceptional location, one that we expect to be the primary liquidity point for natural gas in the United States," said Jeff Ballew, Cardinal CEO.  "Combined with our Cadeville reservoir project being developed near the Perryville-Delhi area, we look forward to working with the marketplace to provide a menu of storage solutions for this strategic and dynamic location."

Cardinal, a joint venture between Martin Resource Management Corporation ("MRMC") and Energy Capital Partners, L.P. ("ECP"), is focused on the development, construction, operation and management of natural gas storage facilities throughout North America.  Cardinal also owns Arcadia Gas Storage LLC and Cadeville Gas Storage LLC and is in the process of developing additional natural gas storage facilities in North America.  For more information, visit www.cardinalgs.com.

About Martin Resource Management Corp

MRMC is a leading independent provider of transportation, terminalling, marketing and logistics management services for the energy and petrochemical industries.  The company, headquartered in Kilgore, Texas, markets hydrocarbon products and by-products through facilities located throughout the Gulf Coast region.  In addition, MRMC owns a 100% general partner interest and a 40% limited partner interest in Martin Midstream Partners L.P. (Nasdaq: MMLP).  For more information, visit www.themartincompanies.com.

About Energy Capital Partners

ECP is a private equity firm with offices in Short Hills, New Jersey and San Diego, California. Energy Capital Partners is focused on investing in the power generation, electric transmission, fuel handling, midstream gas and renewable sectors of North America's energy infrastructure.  The fund's management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.

SOURCE Cardinal Gas Storage Partners LLC

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