Abstract

Gas storage is a critical element in the natural gas industry. Producers, transmission and distribution companies, marketers, and end users all benefit directly from the load balancing function of storage. The unbundling process has fundamentally changed the way storage is used and valued. As an unbundled service, the value of storage is being recovered at rates that reflect its value. Moreover, the marketplace has differentiated between various types of storage services, and has increasingly rewarded flexibility, safety, and reliability. The size of the natural gas market has increased and is projected to continue to increase towards 30 trillion cubic feet (TCF) over the next 10 to 15 years. Much of this increase is projected to come from electric generation, particularly peaking units. Gas storage, particularly the flexible services that are most suited to electric loads, is critical in meeting the needs of these new markets. In order to address the gas storage needs of the natural gas industry, an industry-driven consortium was created--the Gas Storage Technology Consortium (GSTC). The objective of the GSTC is to provide a means to accomplish industry-driven research and development designed to enhance operational flexibility and deliverability of the Nation's gas storage system, and provide a cost effective, safe, and reliable supply of natural gas to meet domestic demand. To accomplish this objective, the project is divided into three phases that are managed and directed by the GSTC Coordinator. The first phase, Phase 1A, was initiated on September 30, 2003, and was completed on March 31, 2004. Phase 1A of the project included the creation of the GSTC structure, development and refinement of a technical approach (work plan) for deliverability enhancement and reservoir management. This report deals with Phase 1B and encompasses the period July 1, 2004, through September 30, 2004. During this time period there were three main activities. First was the ongoing negotiations of the four sub-awards working toward signed contracts with the various organizations involved. Second, an Executive Council meeting was held at Penn State September 9, 2004. And third, the GSTC participated in the SPE Eastern Regional Meeting in Charleston, West Virginia, on September 16th and 17th. We hosted a display booth with the Stripper Well Consortium.

Document type: Report

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DOIS: 10.2172/834115 10.2172/850331 10.2172/895897 10.2172/823308 10.2172/882931 10.2172/828275 10.2172/850339 10.2172/886738 10.2172/859027 10.2172/908139 10.2172/1007327 10.2172/899264

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Published on 01/01/2005

Volume 2007, 2005
DOI: 10.2172/834115
Licence: CC BY-NC-SA license

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