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The Natural Gas Process
Published in John M. Studebaker, Effectively Managing Natural Gas Costs, 2020
There are basically two uses for natural gas in storage facilities; meeting base load requirements, and meeting peak load requirements. Natural gas storage is required for two reasons: meeting season demand requirements, and as insurance against unforeseen supply disruptions. Base load storage capacity is used to meet seasonal demand increases. Base load facilities are capable of holding enough natural gas to satisfy long-term seasonal demand requirements.
The Natural Gas Flow Process
Published in John Studebaker, Maximizing Energy Savings and Minimizing Costs, 2020
Storage is used to serve only as a buffer between transportation and distribution to ensure adequate supplies of natural gas are in place for seasonal demand shifts and unexpected demand surges. In addition to serving those purposes, natural gas storage is also used by industry participants for commercial reasons—storing natural gas when prices are low, and withdrawing and selling natural gas when prices are high.
Optimization of injection-withdrawal schedules for underground gas storage in a multi-block depleted gas reservoir considering operation stability
Published in Energy Sources, Part A: Recovery, Utilization, and Environmental Effects, 2021
Jun Zhou, Jinghong Peng, Guangchuan Liang, Jianhua Sun
As a high-quality fuel and clean fossil energy, natural gas is playing an increasingly important role in adjusting the global energy structure. In 2050, fossil fuels will continue to dominate the global energy structure. Natural gas will be the only hydrocarbon energy that increases in share, which is expected to rise from the current 23% to 27%. The Asia-Pacific region will be the main driving force in the growth of natural gas consumption (Gas Exporting Countries Forum 2021). With the rapid development of the natural gas industry, the imbalance between the constant gas supply and the seasonal gas demand has become more and more prominent. Therefore, effective measures should be taken to balance the contradiction between the supply and demand of natural gas. That is, the excess gas should be stored in the low demand period and then extracted to supplement the market in the peak demand period. Natural gas storage facilities mainly include underground gas storage (UGS), liquefied natural gas storage tank and pipeline storage. At present, UGS has become the most important and economical means of gas storage with the characteristics of large gas storage capacity and low operating cost (Zhang et al. 2020).