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Tuesday, June 19, 2012
Gas Storage 6-8-12
There is 2.944 TCF gas in storage as of 6-8-2102. last year, storage equalled 2.236 TCF storage, makinf a difference of 0.708 TCF. Will the industry reach the 4 TCF mark this year? Just add the 0.7 TCF to last years high water mark of 3.6 TCF and you get your number. How much gas can we store ?
Update
Total gas in storageis the volume of storage in the underground facility at a particular time.
Base gas(orcushion gas) is the volume of gas intended as permanent inventory in a storage reservoir to maintain adequate pressure and deliverability rates throughout the withdrawal season.
Working gas capacityrefers to total gas storage capacity minus base gas.
Working gasis the volume of gas in the reservoir above the level of base gas. Working gas is available to the marketplace.
Base gas estimates are in the 4.3 TCF range, while total capacity is just under 8.8 TCF in 2010. Based on the above estimates, we would be looking at working gas of 4.3 TCF. The result, base gas plus working gas totals somewhere in the 8.6 TCFG range.....so we have a 200 BCF cushion?
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