The District of Columbia Gas Storage Lease is a legally binding contract that allows individuals or entities to lease gas storage space within the District of Columbia area. This lease provides the lessee with the right to store and extract natural gas in underground storage facilities located in the District of Columbia. The gas storage lease is an essential agreement that enables gas companies, energy providers, and other relevant entities to store gas reserves for future use or supply. It plays a crucial role in ensuring a stable and dependable energy supply for the District of Columbia. There are different types of District of Columbia Gas Storage Leases, including: 1. Short-Term Gas Storage Lease: This type of lease typically ranges from a few weeks to several months. It is commonly used to meet temporary variations in demand or to take advantage of pricing fluctuations. Short-term leases offer flexibility as they allow lessees to adjust their storage capacity based on market conditions. 2. Long-Term Gas Storage Lease: Long-term leases span several years, enabling energy companies to secure storage capacity for an extended period. These leases are typically entered into when there is a need for a consistent and reliable gas supply throughout the year. Long-term leases often involve significant storage capacities and provide stability for energy providers and consumers alike. 3. Peak Gas Storage Lease: Peak storage leases are intended to address temporary spikes in gas demand during specific periods, such as winter when heating needs increase. These leases allow gas companies to store additional gas reserves to meet peak demand, ensuring a reliable energy supply during critical times. 4. Base Gas Storage Lease: Base gas storage leases provide a reserved amount of gas that is maintained in storage throughout the year. This gas acts as the foundation supply and is not typically extracted, ensuring there is always a certain level of gas available for immediate use, emergencies, or unexpected spikes in demand. The District of Columbia Gas Storage Lease is a vital tool in managing the gas supply in the region, maintaining energy security, and ensuring that residential, commercial, and industrial consumers have access to a consistent and reliable gas supply.
District of Columbia Gas Storage Lease
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Natural Gas Storage - Storage Fields The working gas requirement is generally about 50% of the total reservoir capacity. Gas is withdrawn in winter season and injected in summer. This type of storage facility can be used for long system supply or peak day.
Natural gas, like most other commodities, can be stored for an indefinite period of time. The exploration, production, and transportation of natural gas takes time, and the natural gas that reaches its destination is not always needed right away, so it is injected into underground storage facilities.
Gas was injected for storage when its future price on the commodities futures market rose above its current market price. That gas would be sold with a future delivery date, creating an instant profit, and then held in the facility until the date contracted with the purchaser on which it was required to be delivered.
The whole tank floats in a circular or annular water reservoir, held up by the roughly constant pressure of a varying volume of gas, the pressure determined by the weight of the structure, and the water providing the seal for the gas within the moving walls.
Salt Cavern Storage: This type of facility uses caverns solution mined in underground salt deposits (Salt domes or Salt formations). Salt caverns usually operate with about 20 to 30 % cushion gas and the remaining capacity as working gas. Working gas can be recycled more than once per year.
Natural gas?a colorless, odorless, gaseous hydrocarbon?may be stored in a number of different ways. 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 storage comes with certain risks, including gas leaks, health hazards, environmental impacts, and infrastructure failures. However, implementing safety measures such as regular inspections, emergency response plans, enhanced monitoring systems, and public awareness campaigns can greatly reduce these risks.
Adsorbed natural gas (ANG) is conventionally stored in porous carbon materials at a gas pressure of 3.5 MPa (500 psi).