New natural gas storage

Why is China expanding natural gas storage capabilities?

China is expanding natural gas storage capabilities to ensure a reliable and sustainable energy future as part of its "carbon peaking and neutrality" strategy. It plans to establish six major gas storage centers across the country, with a total of 50 gas storage facilities and an estimated working gas volume exceeding 100 billion cubic meters.

How does natural gas storage work?

Natural gas storage can be done in different ways, but underground reservoirs are the most important method. The storage deals with pipelines, local distribution companies, producers, and pipeline shippers (US Department of Energy, US Energy Information Agency, March 1995). Catarina R. Matos,

Can natural gas storage be used near the consumer center?

To solve the problems of the regional and seasonal consumption differences in the NGM of China, and to deal with the increasing requirement of load regulation, the employment of natural gas storages near the consumer center would be a long-term, safe, stable and reliable alternative.

How much natural gas can be stored?

Approximately, 4 trillion cubic feet of natural gas can be stored and withdrawn for consumer use. Working gas in storage was 2401 Bcf as of Friday, July 15, 2022, according to EIA estimates. This represents a net increase of 32 Bcf from the previous week.

When was natural gas first stored underground?

The first instance of natural gas successfully being stored underground occurred in Ontario, Canada, in 1915. This storage facility used a depleted natural gas well that had been reconditioned into a storage field. In the United States, the first storage facility was developed just south of Buffalo, New York.

Why is natural gas storage important?

Natural gas storages store surplus natural gas during the valley demand period and redistribute them at the peak demand period [92, 93]. The stored natural gas can also ensure the continuous gas supply when the long-distance transmission malfunctions [94, 95]. UGS plays a crucial role in the seasonal peak-shaving in some parts of China [96, 97].