PAA Natural Gas Storage, L.P. (NYSE:PNG)
today announced its quarterly cash distribution of $0.3575 per unit
($1.43 per unit on an annualized basis) on all of its outstanding common
and Series A subordinated units. The distribution will be payable on
November 14, 2011, to holders of record of such units at the close of
business on November 4, 2011. This distribution represents an increase
of approximately 5.9% over the quarterly distribution of $0.3375 per
unit ($1.35 per unit on an annualized basis) paid in November 2010 and
an increase of approximately 3.6% from the quarterly distribution of
$0.345 per unit ($1.38 per unit on an annualized basis) paid in August
2011.
PNG is a publicly traded master limited partnership engaged in the
development, acquisition, operation and commercial management of natural
gas storage facilities. The Partnership currently owns and operates
three natural gas storage facilities located in Louisiana, Mississippi
and Michigan. The Partnership's general partner, as well as the majority
of the Partnership's limited partner interests, is owned by Plains All
American Pipeline, L.P. (NYSE:PAA). The Partnership is headquartered in
Houston, TX.

PAA Natural Gas Storage, L.P.
Roy I. Lamoreaux, 713-646-4222 or
800-564-3036
Director, Investor Relations