GAS STORAGE TECHNOLGOY CONSORTIUM

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Description

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 ... continued below

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7 pages

Creation Information

Watson, Robert W. April 23, 2004.

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This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

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  • Pennsylvania State University
    Publisher Info: Pennsylvania State University (United States)
    Place of Publication: [University Park, Pennsylvania]

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Description

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. Base funding for the consortium is provided by the U.S. Department of Energy (DOE). In addition, funding is anticipated from the Gas Technology Institute (GTI). The first phase, Phase 1A, was initiated on September 30, 2003, and is scheduled for completion on March 31, 2004. Phase 1A of the project includes the creation of the GSTC structure, development of constitution (by-laws) for the consortium, and development and refinement of a technical approach (work plan) for deliverability enhancement and reservoir management. This report deals with the first 3-months of the project and encompasses the period September 30, 2003, through December 31, 2003. During this 3-month period, the first meeting of individuals representing the storage industry, universities and the Department of energy was held. The purpose of this meeting was to initiate the dialogue necessary to for the creation and adoption of a constitution that would be used to govern the activities of the consortium.

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7 pages

Notes

OSTI as DE00823307

Source

  • Other Information: PBD: 23 Apr 2004

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  • Report No.: NONE
  • Grant Number: FC26-03NT41779
  • DOI: 10.2172/823307 | External Link
  • Office of Scientific & Technical Information Report Number: 823307
  • Archival Resource Key: ark:/67531/metadc779454

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • April 23, 2004

Added to The UNT Digital Library

  • Dec. 3, 2015, 9:30 a.m.

Description Last Updated

  • Feb. 20, 2017, 1:27 p.m.

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Watson, Robert W. GAS STORAGE TECHNOLGOY CONSORTIUM, report, April 23, 2004; [University Park, Pennsylvania]. (digital.library.unt.edu/ark:/67531/metadc779454/: accessed October 22, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.