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At 2.722 trillion cubic feet, current natural gas inventories are 17.7% under the five-year average and 19.8% below the year-ago figure.
The EIA Inventory Report stated that working gas storage rose by 76 Bcf from 1,567 Bcf to 1,643 Bcf.
Gas storage facilities are gaining more importance due to changes in natural gas demands. First, traditional supplies that once met the winter peak demand are now unable to keep pace. Second, there is a growing summer peak demand on natural gas, due to electric generation via gas fired power plants. Datasource.
At 2.768 trillion cubic feet, current natural gas inventories are 18.3% under the five-year average and 20% below the year-ago figure.
A Strategic natural gas reserve is a government funded natural gas storage facility that holds long term stock piles of natural gas as compressed natural gas or liquefied natural gas in case of an emergency. After the 2021–2023 global energy crisis, there has been several countries in East Asia and India that have signaled a commitment to ...
The gas storage is in an aquifer contained by the sandstone Skookumchuck formation, about 1,000 to 3,000 feet underground.: Slide 4 Development. The site was first explored for gas production in 1958 with an 8,000-foot (2,400 m) deep well. The well turned out to be a dry hole and repurposed for gas storage.
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 72 billion cubic feet last week, within the range for an expected build of between 51 and ...
The gas storage will include 14 new wells to a depth of 3 kilometres (1.9 mi), 35 kilometres (22 mi) of pipeline and the gas treatment facility. The gas treatment and compression facilities are being designed as a zero-emissions plant. The project is expected to cost €800 million excluding the cost of cushion gas.