UNDERGROUND GAS STORAGE - Conclusion: Industry-segment uses reflect evolution of storage

Changes in the US natural gas industry in the past 2 decades have been revolutionary: commoditization of natural gas, growth of market centers, pervasiveness of risk-management tools, and electronic trading. These changes have profoundly affected the use of underground natural gas storage.The first of two articles on the evolution of natural gas storage use in the US (OGJ, Oct. 8, 2001, p. 48) reviewed how forces have changed the industry; this concluding article reviews the past and current uses of storage by customer segment.Both parts of this series are based on a longer report prepared by International Gas Consulting Inc., Houston, for the American Gas Association, Washington.The valu...

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