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Producers and marketers use gas storage as a speculative tool, storing gas when they believe that prices will increase in the future and then selling it when it does reach those levels. Insuring against any unforeseen accidents. Gas storage can be used as an insurance that may affect either production or delivery of natural gas.
Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns. Depleted gas or oil fields are the cheapest to commission, as they take advantage of existing wells, internal distribution systems, and pipeline connections. They are also widely available. [4]
The company was founded in 1984 as Natural Gas Clearinghouse. It was originally an energy brokerage, buying and selling natural gas supplies. It changed its name to NGC Corporation in 1995 after entering the electrical power generation business. The company adopted the name Dynegy in 1998.
Shares of PAA Natural Gas Storage (NYS: PNG) hit a 52-week high today. Let's look at how it got here and whether clear skies are ahead. How it got hereFounded in 2010 as a limited partnership of ...
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Thankfully, with natural gas prices just off record lows, it's a lot easier With the bitter cold temperatures, there is one thing to do: Turn up the heat. Natural Gas Storage 101
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