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: National Eminent Domain BlogUtilities want more gas storage
By Alan Ackerman
CASPER — Rocky Mountain states continue to expand natural gas production, which has spawned several efforts to increase storage capacity to hedge against volatile pricing.
Blue Sky Gas Storage LLC plans to convert an abandoned oil field in northeast Colorado to a natural gas storage facility. Merchant Energy Partners plans to expand another gas storage field in the same region. Both companies said they had more than enough customers subscribe to the projects.
Not only is there a demand for gas storage, but there is a demand premised upon the recognition that the gas suppliers desire to hedge against volatile pricing. Blue Sky Storage is one of the more active participants in such places as Logan County, Texas and northeast Colorado. Clearly, despite any objection to acquisition for gas storage, there is a need for the storage.
Full post as published by National Eminent Domain Blog on December 16, 2009 (boomark / email).
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