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An underground storage tank (UST) is, according to United States federal regulations, a storage tank, including any underground piping connected to the tank, that has at least 10 percent of its volume underground.
Most aquifer storage facilities were developed when the price of natural gas was low, meaning this cushion gas was inexpensive to sacrifice. With rising gas prices aquifer storage becomes more expensive to develop. A consequence of the above factors is that developing an aquifer storage facility is usually time consuming and expensive.
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
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In the case of a liquefied gas such as hydrogen or chlorine, or a compressed gas such as compressed natural gas or MAPP, the storage tank must be made to withstand the sometimes-considerable pressures exerted by the contents. These tanks, being pressure vessels, are sometimes excluded from the class of "tanks". Container tanks for handling ...
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An oil terminal (also called a tank farm, tankfarm, oil installation or oil depot) is an industrial facility for the storage of oil, petroleum and petrochemical products, and from which these products are transported to end users or other storage facilities. [1]
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