The Prospect of Natural Gas Storage

Mingxing BAI, Zhichao ZHANG, Kaoping SONG, Wentao SHANG


The first chapter of the actual paper is assigned to shed light on the current situation in the European gas market—the pivotal introduction into pivotal theme. The up-to-date information on the biggest consumers and the biggest exporters aims at giving the general idea about what countries are the main market players regardless of what role do they play. In addition, the first chapter of the work pursues the gas storage necessity proof—why such an expensive process is currently employed by the industry is explained taking the hydrocarbon production conditions of the XXI century into consideration. The actual natural gas market performance and storage justification is followed by the discovery of demand and supply concepts in chapter two. These phenomena represent the characterization of relationship between the gas supplier and the customer. Issues to be addressed are demand nature, types of supply, balancing the demand and supply and the security of supply. Finally, the chapter three gives an insight into how the industry stores the gas. The discussion there goes around the storage opportunities, their positive and negative features and how do they differ. The storage performance criteria are also subjects of the chapter. After the three main questions of the topic have been addressed, the summary of the work concludes it logically by highlighting the most important arguments and facts.


Gas storage; Hydrocarbon production; Storage performance

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