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Title: Challenges Of Developing A Grass Roots Gas Storage Project
Author: C. Dean Cockshutt
Source: American Gas Association 1998
Year Published: 1998
Abstract: Continuing evolution of the natural gas transportation and distribution industry has created opportunities for gas storage developers to construct projects in regions where gas supply and demand are periodically out of balance, and where there is significant price volatility. Alberta Energy Company Ltd.s (AEC) AECO C Hub is the dominant gas storage provider in Alberta and is North Americas largest independent gas storage facility. Using the marketing, systems and engineering experience gained at the AECO C Hub, AEC has stepped out into the rapidly changing California energy market. There, it is developing the Wild Goose Storage Project through its wholly owned subsidiary Wild Goose Storage Inc. (WGSI). The challenges and associated risks of developing a grass roots gas storage project in a new region should be understood before embarking on this costly venture. A corporation must be prepared to risk significant capital prior to having confirmation that the project can be built. While the example discussed is for a project in California, which may be extreme compared to other states, the total at risk funds are significant.

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