November 2008 Vol. 235 No. 11

Features

Is The Gulf Coast Gas Storage Development Surge Heading For Boom Or Bust?

Current tightness in U.S. natural gas supply-demand fundamentals has generated a tremendous interest among developers, marketers/traders and the financial community to develop, contract for, and finance storage projects in the U.S. – particularly high deliverability salt dome storage in the U.S. Gulf Coast (USGC). An unprecedented number of underground natural gas storage projects in the USGC are advancing through various stages of development, with more than 140 Bcf of working gas capacity under construction and at least another 400 Bcf in earlier stages of development. This flurry of development activity represents a possible 60% increase in USGC gas storage capacity fro

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