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The firm’s Rough gas storage site, a depleted field off England’s east coast, makes up around half of the country’s gas storage capacity. The Rough 47/3B Bravo gas platform in the North Sea (PA)
This rule is intended to stimulate the development of new gas storage facility in the ultimate goal of reducing natural gas price volatility. Commission Chairman Joseph T. Kelliher observed: "Since 1988, natural gas demand in the United States has risen 24 percent. Over the same period, gas storage capacity has increased only 1.4 percent.
The break-up of British Gas plc in 1997 into BG Group and Centrica meant that BG Storage was created as a ring-fenced subsidiary of BG Group, for competition reasons. In 2001, BG Group sold BG Storage, and thus the Rough facility, to Dynegy. [8] In 2002, Centrica bought the plant from Dynegy for £304 million during Dynegy's period of near ...
Natural Gas Weekly Update: Weekly summary and discussion of events and trends in U.S. natural gas markets. [10] Data and Surveys Gasoline and Diesel Fuel Update: Weekly price data for U.S. national and regional averages. Monthly Energy Review: Provides statistics on monthly and annual U.S. energy consumption going back in some cases to 1949.
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The average home using heating oil is projected to pay $1,851 to keep warm, compared to $601 for an average home using natural gas or $1,063 for electricity, the EIA said.
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Gas flares were common sights in oilfields and at refineries. U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.