Does the US actually need more natural gas storage to accommodate rising production, or can it ‘finesse’ the storage it has to better balance shifting supply and demand fundamentals? The recent head of Ranger Midstream describes a revolutionary approach for a key sector in this video from a recent US Association for Energy Economics summit.
Storage is an essential but often unglamorous portion of what makes up a commodities market, and the history of the energy business – as is noted in this video – proves that storage access and storage infrastructure can impact outcomes for the more visible production and demand parts of the business.
Among other interesting points noted in the video, the use of hydraulic fracturing technology in boosting natural gas storage capacity as well as production of the fuel is cited here, marking the move of transformation fracking practices into even more components of the energy business.
For more coverage and videos from the USAEE event, visit Breaking Energy’s special hub from the conference here.