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Manchin: Bill guarantees loans for gas storage hubs

Staff report

The Parkersburg News and Sentinel

WASHINGTON — A bill ensuring a natural gas storage hub qualifies for a federal loan program was passed Thursday by a committee of the U.S. Senate.

The Capitalizing American Storage Potential Act approved by the Energy and Natural Resources Committee would make sure a regional storage hub qualifies for the Department of Energy’s Title XVII innovative technologies loan guarantee program, Sen. Joe Manchin, D-W.Va., said.

Efforts are underway in West Virginia to establish the Appalachian Storage and Trading Hub, an underground facility from where natural gas would be piped elsewhere. Three sites are prime contenders in West Virginia, according to research through West Virginia University.

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