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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite the boom in domestic natural gas production, there seems to be plenty of room to spare at U.S. natural gas storage facilities. Current natural gas storage remains well below benchmarks. Inventories stand at 2.72 trillion cubic feet, about 17.7% below the five-year average and nearly 20% below the same time last year, according to the U.S. Energy Information Administration (EIA). Industrial info is tracking nearly $2.7 billion in active U.S. natural gas storage projects, the vast majority of which are in Mississippi.
)'>Click on the image at right for a graph detailing U.s. natural gas in storage, compared with the five-year average, according to the EIA.
According to the EIA, natural gas stockpiles have seen solid additions during the past few weeks, but total storage is expected to have a deficit of about 600 billion cubic feet at the end of this injection season, when compared with the five-year average. The injection season runs from April through October, a period when net injections typically exceed net withdrawal.
Earlier this summer, SeaOne Holdings LLC (Houston, Texas) signed a 40-year lease at the Port of Gulfport, Mississippi, to build a four-phase compressed gas liquids (CGL) storage and export facility. Each phase involves building a 400 million-standard-cubic-foot-per-day containment piping system with a capacity of 25,000 metric tons per day of CGL. Bruce Hall, the president and chief operating officer of SeaOne, told a local news station that the project will "provide U.S. economic fuel to the Caribbean and Central and South America, in order to replace existing liquid fuels such as oil and diesel."
A berthing facility will receive CGL from an offtake pipeline connected to BP plc's (NYSE:BP) (London, England) gas-processing plant in Pascagoula, Mississippi. Hall said earlier this year that construction on the first phase will begin next summer, after the company and its contractors complete site preparation at the port's Terminal 4, which will house all four phases. Jonathan Daniels, chief executive officer of the port, told news station WLOX the new addition will more than double the port's tonnage annually: "This is a brand new cargo for us. It's a liquid bulk, a gas project, purely on an export basis, and it is going to add a significant amount of tonnage."
For more information, see Industrial Info's project reports on Phase I, Phase II, Phase III and Phase IV.
Also in Mississippi, D'Lo Gas Storage LLC (D'Lo, Mississippi) is proposing a three-phase natural gas storage cavern in D'Lo that, if approved, would have a total working gas capacity of 24 billion cubic feet and tie-ins to five major pipeline interconnects. For more information, see Industrial Info's project reports on the first, second and third proposed withdrawal wells.
Earlier this month, the U.S. Federal Energy Regulatory Commission (FERC) announced it would prepare an environmental assessment for the D'Lo storage project. According to the Federal Register, D'Lo proposes "to eliminate the Gulf South Interconnect Lateral, relocate two primary source water wells, and relocate two primary brine disposals wells, all located in Simpson and Rankin counties," to accommodate the project.
Outside Mississippi, active natural gas storage projects are scattered across the country, although some concentration can be seen along the Texas and Louisiana Gulf Coast and in the Appalachian Region, stretching from West Virginia to southern New York.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
)'>Click on the image at right for a graph detailing U.s. natural gas in storage, compared with the five-year average, according to the EIA.According to the EIA, natural gas stockpiles have seen solid additions during the past few weeks, but total storage is expected to have a deficit of about 600 billion cubic feet at the end of this injection season, when compared with the five-year average. The injection season runs from April through October, a period when net injections typically exceed net withdrawal.
Earlier this summer, SeaOne Holdings LLC (Houston, Texas) signed a 40-year lease at the Port of Gulfport, Mississippi, to build a four-phase compressed gas liquids (CGL) storage and export facility. Each phase involves building a 400 million-standard-cubic-foot-per-day containment piping system with a capacity of 25,000 metric tons per day of CGL. Bruce Hall, the president and chief operating officer of SeaOne, told a local news station that the project will "provide U.S. economic fuel to the Caribbean and Central and South America, in order to replace existing liquid fuels such as oil and diesel."
A berthing facility will receive CGL from an offtake pipeline connected to BP plc's (NYSE:BP) (London, England) gas-processing plant in Pascagoula, Mississippi. Hall said earlier this year that construction on the first phase will begin next summer, after the company and its contractors complete site preparation at the port's Terminal 4, which will house all four phases. Jonathan Daniels, chief executive officer of the port, told news station WLOX the new addition will more than double the port's tonnage annually: "This is a brand new cargo for us. It's a liquid bulk, a gas project, purely on an export basis, and it is going to add a significant amount of tonnage."
For more information, see Industrial Info's project reports on Phase I, Phase II, Phase III and Phase IV.
Also in Mississippi, D'Lo Gas Storage LLC (D'Lo, Mississippi) is proposing a three-phase natural gas storage cavern in D'Lo that, if approved, would have a total working gas capacity of 24 billion cubic feet and tie-ins to five major pipeline interconnects. For more information, see Industrial Info's project reports on the first, second and third proposed withdrawal wells.
Earlier this month, the U.S. Federal Energy Regulatory Commission (FERC) announced it would prepare an environmental assessment for the D'Lo storage project. According to the Federal Register, D'Lo proposes "to eliminate the Gulf South Interconnect Lateral, relocate two primary source water wells, and relocate two primary brine disposals wells, all located in Simpson and Rankin counties," to accommodate the project.
Outside Mississippi, active natural gas storage projects are scattered across the country, although some concentration can be seen along the Texas and Louisiana Gulf Coast and in the Appalachian Region, stretching from West Virginia to southern New York.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
