Cedigaz: Global gas storage capacity to rise 48% by 2030

Cedigaz has reported that world wide gas storage is expected to increase from 377 billion cubic meters (bcm) at the beginning of 2013 to as much as 631 bcm by 2030.  New storage markets in Asia and the Middle East account for ~60% of this new capacity.  China is seen as a key driver of growth, as much of their storage infrastructure will need to be built from scratch. In more mature markets, such as the US and EU, growth in storage capacity will be limited. Instead the focus will be on new facilities that increase peak deliverability and back up renewable sources such as wind.  Both of these trends seem to favor cavern storage as opposed to man made.  At the beginning of 2013, there were 688 underground gas storage facilities in operation. More than two thirds of these are in North America: 414 in the US and 59 in Canada.  Europe boasts 144 storage locations (99 bcm) and 51 facilities (115.5 bcm) in the CIS. Asia has 18 sites (9.3 bcm), Argentina has one, and Iran has one. These figures are according to Cedigaz data.  Globally, there are 95 projects under construction for an additional 68 bcm of working capacity.  These will be completed by 2020-2025.  141 additional projects are identified at various stages of the planning process, with varying degrees of probability to complete construction. Click to read the full article here.

Natural Gas Generation to Continue Expanding

February 27, 2013 10:55 by Bill Conway in Capital Markets, Cooperatives, Energy, Engineering & Construction, Natural Gas  //  Tags:   //   Comments (0)
Black & Veatch has published a report titled "Coal: Begining the Long Goodbye", outlining their thoughts, supported with some good facts and details, on the future of natural gas and coal generation.  With many coal facilities being shuttered, utility executives should be planning for a future that includes natural gas.  The report indicates gas is a competitive resource at $4.5 to $6 per cubic foot, and has set a price target of $5 in 2020.    Click Here to Read Article.

The Power of Natural Gas

January 31, 2013 11:24 by Bill Conway in Cooperatives, Energy, Engineering & Construction, Regulation  //  Tags:   //   Comments (0)
The enhanced natural gas extraction technologies and the resulting abundant supply and attractive pricing have many finally embracing the natural gas market. However, market participants need not to lose focus on the benefits of a diversified generation portfolio and the fact the current natural gas delivery pipeline infrastructure is not sufficient to support the "gas boom". [More]

Politics, Power & Grid Investments

January 10, 2013 09:52 by Bill Conway in Energy, Engineering & Construction, Regulation  //  Tags: ,   //   Comments (0)
Modernizing the electric grid should be a top priority of our country, as much of the existing infrastructure is “past its prime” and is “stressed” in many areas. The effects of Super Storm Sandy highlighted weaknesses in the system that need to be addressed to ensure the continued flow of electricity. [More]

City of Boulder, CO + Municipalization Efforts

December 10, 2012 11:22 by Bill Conway in Energy, Engineering & Construction, Financing  //  Tags: ,   //   Comments (0)
The outcome of these discussions could have a ripple effect on the age old “municipalization discussions” across the country.  Such transactions are complex undertakings, and require examination from multiple angles, but are perplexing considering the highest and best use of a municipalities limited resources.    To read the full story, click here.

Commodities - Energy, Agriculture & Construction

The following charts are CCCA's dashboard for Energy, Agriculture, and Construction commodities.              

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