Analysis: Underground Storage Essential to U.S. LNG Market
Posted on Jul 11, 2007 in Markets and Competition, Storage | Comments Off on Analysis: Underground Storage Essential to U.S. LNG Market
An analysis in World Gas Intelligence offers insight into the importance of underground storage to the U.S. LNG market, citing the ability to absorb regasified supplies during periods of relatively low demand. The piece points to the expansion at the Cove Point LNG regasification terminal as the major storage source on the East Coast and predicts that much of this storage capacity will be filled by gas from Statoil’s Snohvit project in Norway. [Subscription required]