Lima Arizona Natural Gas Storage Lease refers to a contractual agreement that allows an individual or a company to lease a storage facility in Lima, Arizona for the purpose of storing natural gas. This lease offers a convenient and secure solution for entities involved in the natural gas industry, enabling them to safely store and manage their gas reserves. The Lima Arizona Natural Gas Storage Lease serves as a flexible and cost-effective option for both short-term and long-term storage needs. By leasing a storage facility, companies can take advantage of the strategic location of Lima, Arizona, which is known for its favorable geological attributes, thus making it an ideal area for gas storage. The lease encompasses various types of storage options to cater to different requirements. Some notable types of Lima Arizona Natural Gas Storage Leases are: 1. Strategic Gas Storage Lease: This type of lease is designed for companies or utilities aiming to store a large volume of natural gas for an extended period. It enables them to capitalize on favorable market conditions, stocking up on excess gas during low-demand periods and utilizing it during peak seasons or unforeseen supply disruptions. 2. Seasonal Gas Storage Lease: Suitable for entities that require temporary storage to manage seasonal fluctuations in natural gas demand. It allows them to store surplus gas during low-demand periods, such as summer months when gas consumption decreases, and utilize it when demand rises in colder winter months. 3. Peak Shaving Gas Storage Lease: Designed for entities that want to ensure a reliable supply of natural gas during times of peak energy demand. This lease allows them to store excess gas during periods of low demand and then release it when demand surges, ensuring a continuous and uninterrupted supply of natural gas to meet customer needs. 4. Balancing Gas Storage Lease: Aimed at entities participating in natural gas trading or transportation, this lease provides a means to balance their gas supply and demand fluctuations. By storing gas in Lima, Arizona, they can strategically manage imbalances in their gas portfolios, ensuring a constant supply to meet contractual obligations and minimizing penalties associated with imbalances. Lima Arizona Natural Gas Storage Lease offers a range of benefits, including increased market flexibility, improved supply reliability, reduced price volatility risks, and enhanced operational efficiency. It plays a crucial role in supporting a robust and resilient natural gas infrastructure, catering to the varying storage needs within the industry.
Pima Arizona Natural Gas Storage Lease
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Natural gas can be stored as an uncompressed gas, as compressed natural gas or CNG, or as liquefied natural gas or LNG. It's usually compressed before it's stored or transported, and CNG is sometimes stored in tanks instead of pipes.
It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Natural gas is also stored in liquid or gaseous form in aboveground tanks.
Natural gas has an indefinite shelf life. However; it is not a good option for home storage. The properties of natural gas do not lend itself to storage a household tank. It may be an option for some power outages as long as it is available.
Natural gas is not stored in household tanks because the symmetry of its molecule makes it hard to liquify. You could store methane in a tank in the gas state but it has such low density in the gas state that you could not store a usable amount.
It is most commonly held in inventory underground under pressure in three types of facilities. These underground facilities are depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Natural gas is also stored in liquid or gaseous form in aboveground tanks.
Natural gasses, like ethane and methane, are hard to store and transport. However, by converting them to liquids specifically, liquid alcohols, they could be more easily stored, transported and used as fuels.
According to an IHS study, 800 trillion cubic feet of natural gas can be developed for around $3 per cubic foot, and America consumed 27.5 trillion cubic feet of natural gas in 2016.
Storage owners that had access to premium northeast markets avoided daily gas prices that averaged $36.65/MMBtu (vs a January 2019 average price of $4.16), while storage capable of reaching the Chicago market in January 2018 only averaged $4.79 (vs January 2019 average of $3.22).