Natural Gas Storage | Natural Gas | Crude Oil Storage

Natural Gas Storage
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Natural Gas Storage

Clean Power Generation * Cogeneration * Dispersed Generation * EcoGeneration

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There are periods of time in peak periods of natural gas use, that a natural gas company (pipeline or LDC) may not be able to keep up with these peak demand periods. Natural gas storage is a way to help provide for the natural gas reserves or natural gas supplies that are needed during these peak demand periods. Having strategically-located natural gas storage capabilities can assist natural gas pipelines or LDCs provide the natural gas supply when their customers demand.

Recent governments studies conclude that demand for clean-burning natural gas has continued to rise. In the last 20 years, natural gas consumption has risen nearly 25%. One of the many benefits of greater natural gas consumption is that there are natural gas has less than half the carbon emissions and greenhouse gas emissions as other fossil fuels.

The Energy Information Administration (EIA) estimates there are over 2,100 Trillion cubic feet (Tcf) of "technically recoverable natural gas" reserves in the United States, as reported in the EIA's 2010 Annual Energy Outlook. In 2009, the United States used just over 22 Trillion cubic feet of natural gas, making the U.S. one of the global leaders in natural gas consumption. This means the U.S. has enough natural gas supply to last about 100 years.

With greater demand comes greater need to be able to store natural gas. In the past 20 years, natural gas storage has increased less than 5%. This creates a serious constraint that can impact our nation by failing to keep up with natural gas supply and demand. Existing natural gas storage facilities will not be able to keep up with the demand for natural gas during increasingly greater periods of increasing demand, which could cost all consumers of natural gas billions of dollars.

There is a critical need for new high-volume natural gas storage facilities to meet the escalating demand for natural gas which will provide predictability of natural gas supply and reduce or eliminate volatility of natural gas prices during peak periods. Natural gas storage "balance" the load - or supply and demand requirements of all natural gas consumers and provides the "cushion" needed for large supplies of natural gas to serve all consumers during periods of peak demand.

Natural gas storage can take place in a number of underground natural gas facilities. From the time the natural gas is produced, it may be stored temporarily in underground natural gas storage facilities that may be one or more of the following; depleted oil or natural gas fields/reservoirs, salt dome caverns/salt dome storage or former aquifers.

Most of the natural gas storage in the U.S. takes place in naturally-occurring natural gas or oil reservoirs that have been depleted through production. An underground gas storage facility must contain enough “base gas” or “cushion gas” that provides adequate pressure to re-produce and extract the natural gas.