ABSTRACT: Gas Storage in the New Millennium; Will it Keep Pace with the Growth in Natural Gas Demand?
WALSH, PHILIP R., Energy Objective Ltd., London, ON, Canada
This paper serves to update the current demand and supply situation for natural gas storage in Eastern Canada and the U.S. mid-west and northeast. With expectations of average growth in the natural gas markets for these regions of 3.5% per year the need for storage may outpace the current and future planned storage development. However, the primary driver for increased consumption in the near future is the anticipated growth in the development of natural gas-fired electrical generation.
Natural gas storage provides for delivery of gas during periods of peak demand. Historically, storage located in the Michigan and Appalachian basins has served to meet the peak day heating requirements of winter. Demand for electricity has a different demand profile in Ontario and the U.S. mid-west and northeast. An analysis of the demands of the electrical markets provides an interesting comment on exactly how much, and what kind of, gas storage is required in the future.
Search and Discovery Article #90907©2000 AAPG Eastern Section Meeting, London, Ontario, Canada