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Title: Gas Storage Technology Consortium

Abstract

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 amore » cost effective, safe, and reliable supply of natural gas to meet domestic demand. This report addresses the activities for the quarterly period of January 1, 2006 through March 31, 2006. Activities during this time period were: (1) Organize and host the 2006 Spring Meeting in San Diego, CA on February 21-22, 2006; (2) Award 8 projects for co-funding by GSTC for 2006; (3) New members recruitment; and (4) Improving communications.« less

Authors:
;
Publication Date:
Research Org.:
The Pennsylvania State University
Sponsoring Org.:
USDOE
OSTI Identifier:
882931
DOE Contract Number:  
FC26-03NT41779
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
03 NATURAL GAS; AVAILABILITY; COMMUNICATIONS; DISTRIBUTION; FLEXIBILITY; MARKET; MARKETERS; NATURAL GAS; NATURAL GAS INDUSTRY; RELIABILITY; SAFETY; STORAGE

Citation Formats

Morrison, Joel L, and Elder, Sharon L. Gas Storage Technology Consortium. United States: N. p., 2006. Web. doi:10.2172/882931.
Morrison, Joel L, & Elder, Sharon L. Gas Storage Technology Consortium. United States. https://doi.org/10.2172/882931
Morrison, Joel L, and Elder, Sharon L. Wed . "Gas Storage Technology Consortium". United States. https://doi.org/10.2172/882931. https://www.osti.gov/servlets/purl/882931.
@article{osti_882931,
title = {Gas Storage Technology Consortium},
author = {Morrison, Joel L and Elder, Sharon L},
abstractNote = {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. This report addresses the activities for the quarterly period of January 1, 2006 through March 31, 2006. Activities during this time period were: (1) Organize and host the 2006 Spring Meeting in San Diego, CA on February 21-22, 2006; (2) Award 8 projects for co-funding by GSTC for 2006; (3) New members recruitment; and (4) Improving communications.},
doi = {10.2172/882931},
url = {https://www.osti.gov/biblio/882931}, journal = {},
number = ,
volume = ,
place = {United States},
year = {2006},
month = {5}
}