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News Releases 2012
Homes With Natural Gas Appliances Save An Average of $518 Annually
President Touts Benefits of Natural Gas
Natural Gas is Key to Our Nation’s Economic Future
Natural Gas Council Statement on State of the Union Speech
AGA Report Shows U.S. Has Largest Natural Gas Storage in the World
Energy Groups Urge EPA and DOT To Provide Level Playing Field For Natural Gas Vehicles Under New Fuel Economy and Tailpipe Emission Standards
AGA Disappointed With LIHEAP Funding in President’s Budget
AGA Releases 2012 Playbook
Natural Gas Utilities Call For Full Funding of LIHEAP
AGA Praises FERC for Elevating Discussion On Gas-Electric Integration Issues
AGA Welcomes George Lowe as New Vice President of Federal Affairs
AGA Report Details Responsible Natural Gas Development
Executive Order to Speed-up Energy Infrastructure Permitting Process Will Help Natural Gas Customers
Natural Gas Council Asks FERC to Lead Effort Examining Gas-Electric Coordination and Market Rules Affecting Reliability
Calling 811 Before You Dig Can Save Lives
AGA Encourages FERC Dialogue on Gas-Electric Issues
U.S. Natural Gas Reserves At Record Levels
Limited Data on Methane a Fundamental Challenge
AGA Encouraged by Obama’s Executive Order
AGA to Host LNG 17
Natural Gas is the Best Heating Value
Natural Gas Utilities Reward Safety
Utilities Take Action to Further Improve the Safety of Natural Gas Distribution Systems
Customers See Benefits of Natural Gas Abundance
United States Leads Worldwide Conversation About Responsible Resource Development
Natural Gas Utilities: Building and Enhancing an Advanced Energy Delivery System
ARPA-E Program Will Spur Natural Gas Vehicle Innovation
McCurdy: Developing the market for natural gas vehicles enhances both our energy security and our economy
NPC Study Emphasizes Significant Opportunities
LNG 17—Open for Registration
Building A 21st Century Infrastructure In Communities Across the Nation
AGA Response to Romney Energy Plan
AGA Applauds White House Fuel Efficiency Standards
White House Executive Order Will Increase Competitiveness of U.S. Manufacturing
Obama Outlines Future with Natural Gas
Natural Gas Fueling Infrastructure Models Vary
AGA Says Customers will Benefit from Low Prices Again this Winter
Stephen Ewing Receives AGA’s Distinguished Service Award
Questar Corp. Chairman, President & CEO Ronald Jibson Elected 2013 AGA Chairman
AGA Report Envisions a Decade of Natural Gas Market Stability
Natural Gas Utilities Activate Mutual Assistance Program In Response to Hurricane Sandy
AGA Congratulates President Obama, Encourages Smart Energy Policies
AGA Commends NARUC For Continued Recognition Of The Benefits Of Natural Gas
Utilities Work Towards Increased Safety For Natural Gas Infrastructure
Powerful Step To Help Reduce Barriers For Natural Gas Vehicles
Delivering the Promises of Natural Gas in 2013 and Beyond
DOE Report Affirms Role of Natural Gas as a Foundation Fuel
Videos
AGA Applauds Policy Guidance on Cyber Threat Information Sharing and Antitrust
AGA

 2/2/2012 

AGA Contacts:
Jennifer O’Shea, 202-824-7023
Jake Rubin, 202-824-7027

 AGA Report Shows U.S. Has Largest Natural Gas Storage in the World   

 
   
Washington, D.C. – The United States has the largest storage asset of any country in the world with more than 400 natural gas storage fields.  The American Gas Association (AGA) today released its most recent Survey of Underground Storage of Natural Gas in the United States and Canada.  The long awaited for update to the compiled AGA storage statistics report includes information not available in previous versions for select facilities as well as the addition of a number of facilities.

“Up to 20 percent of all requirements for natural gas winter heating season are met by underground storage,” said Dave McCurdy, president and CEO of AGA.  “The massive storage capacity that our nation possesses is one of the critical tools that enables our members to reliably offer clean natural gas to their consumers at stable prices throughout the year.”

The winter heating season is defined as November through March.  Underground storage reached record levels in November 2011 at nearly 3.9 trillion cubic feet of stored working gas for the third year in a row. In fact, with the warmer than normal temperatures that have persisted in many regions of the country this winter, robust storage inventories have had the influence of placing additional downward pressure on natural gas acquisition prices. The combination of reduced heating loads and lower prices has meant savings for natural gas consumers.

Underground gas storage is an efficient way to balance discrepancies between gas supply input and gas market demand.  Recently, growing gas production and moderate gas demand has been coupled with normal seasonal, daily and even hourly fluctuations. Traditionally, gas storage acts as a balancing tool and as a means of minimizing the cost of gas service. Gas goes into storage when market requirements are lower than supply volumes flowing to consumers. Gas comes out of storage when market demand exceeds available supply.

AGA has been working with industry storage operators and owners to compile technical and geological storage statistics for storage facilities in the US and Canada since 1966.  The “Survey of Underground Storage Of Natural Gas In the United States And Canada: 2010/2011” is the most comprehensive resource on the market, listing technical and geological information for over 400 active/inactive/abandoned storage facilities located in the U.S. and Canada. Categories of data include facility name, status and operator; geologic details; and operational and engineering data.  The report does not include contact information for operators.

You can find the report here. 

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The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 71 million residential, commercial and industrial natural gas customers in the U.S., of which 94 percent — over 68 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs.

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