Salt Cavern Storage Facility for Regasified LNG Proposed in Eastern Canada

Posted on Jul 11, 2007 in Canada & Mexico, Storage | Comments Off

Alton Natural Gas Storage filed an environmental assessment with the Nova Scotia Environment and Labour Department last Friday for a salt cavern storage facility to be located near the Maritimes and Northeast Pipeline. Explaining the growing need for such storage facilities, one analyst told Platts LNG Daily, “[s]toring LNG in an LNG terminal is very expensive. You really want to regasify and get it into the system as soon as you can to recover that value.” [Subscription required]

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Salt Cavern Storage Facility for Regasified LNG Proposed in Eastern Canada

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