Tag: storage
Global oil, gas storage service market to enjoy 90% occupancy rates – Technavio
Customers show a clear preference to vendors who provide ancillary services, especially in marine terminals According to the latest market study released by Technavio, the global oil and gas storage service market is expected to exhibit a CAGR of more than 2 per cent during the forecast period. This research report titled ‘Global Oil and Gas […]
EIA creates winter version of daily energy dashboard for Southern California
Winter edition still provides the info on spot natural gas prices, regional hourly electric power loads EIA has updated its Southern California Daily Energy Report to provide additional information on key energy market indicators for the winter season. The dashboard includes information that EIA regularly compiles about energy operations and the management of natural gas […]
Amount of natural gas in US storage reaches new record
Natural gas consumption has remained relatively flat in 2016 Working natural gas in storage reached a record high of 4,017 billion cubic feet (Bcf) as of Nov. 4, according to EIA’s latest Weekly Natural Gas Storage Report. Inventories have been relatively high throughout the year, surpassing previous five-year highs in 48 of the past 52 […]
Commercial, industrial energy storage expected to increase by $9.9 Billion by 2025 – Navigant
Carbon reduction policies supporting growth of energy storage technologies BOULDER, Colo. – A recent report from Navigant Research examines the global market for commercial and industrial (C&I) energy storage, with a focus on advanced lead-acid, flow, and lithium ion (Li-ion) batteries, including market forecasts for capacity and revenue, through 2025. The global market for C&I […]
Natural gas helps meet SoCal electricity demand, supplies 40% of California power
Aliso Canyon limitations change how both electricity, natural gas are managed to meet energy demand in Southern California. The US Energy Information Administration now provides a report with daily information on Southern California energy markets, the Southern California Daily Energy Report, to help give context to the Aliso Canyon natural gas storage situation. On Oct. 23, […]
High natural gas-fired power generation leads to rare summer net national weekly storage draw
Despite lower injections, inventories are still substantially higher than 5 year average levels Working natural gas storage inventories posted a rare summer net withdrawal of 6 billion cubic feet for the week ending July 29, according to EIA’s Weekly Natural Gas Storage Report. Record-high consumption of natural gas for electric power generation drove this withdrawal. Although […]
Global electrical grid storage capacity to double in 2016 – IHS
Global grid-connected energy storage capacity will surge to 21 GWh by 2025 LONDON – The global energy storage market is expected to double, from 1.4 GWh added in 2015, to 2.9 GWh this year, offering unique growth prospects for many energy companies as global energy markets continue to cool, according to IHS Markit. Global grid-connected energy […]
India developing strategic petroleum reserves as oil imports grow
Gap between India’s oil demand and supply is widening, with demand surging ahead In response to India’s increasing reliance on petroleum imports, they plan to bring online the country’s first strategic petroleum reserve, according to the US Energy Information Administration The first phase for strategic petroleum reserve includes three locations (Visakhapatnam, Mangalore, and Padur) in southern India. They […]
US crude oil storage capacity utilization rises even as storage capacity grows
Largest crude oil storage capacity expansions since Sept. were in Midwest (19 million barrels), Gulf Coast (13 million barrels) regions The weekly US commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of Sept., according to the US Energy Information Administration. This pushed crude oil storage capacity utilization […]
Natural gas storage ends winter heating season at record high
Recent data show that natural gas storage facilities in most regions of the United States already are at 44%-73% of their design capacity Working natural gas inventories ended the winter heating season at 2,478 billion cubic feet (Bcf), exceeding the previous end-of-March record high of 2,473 Bcf, set in 2012, according to EIA’s Weekly Natural Gas […]
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