If you’re a relative newcomer to the energy industry, the subject of natural gas storage might make your eyes glaze over — the sector is often treated as a backwater by traders and investors focused on liquid hydrocarbons. But it wasn’t always so. In the decades leading up to the early 2000s, the U.S. gas market underwent a series of fundamental changes, each spurring the development of new storage capacity, first in the Northeast, then the Midwest, and finally along the Gulf Coast. Along the way, the primary use of storage — balancing seasonal swings in gas demand — remained consistent, but there was also a wild-and-woolly period in the mid-2000s that was rife with meme-stock-like trading frenzy. It’s hard to say for sure, but we may be on the verge of needing still more gas storage capacity. In today’s blog, we’ll discuss the history and nature of U.S. natural gas storage to give context on what the future might hold.
Blank Space – Is Another Build-out of Natural Gas Storage Capacity Just Ahead?
