Western US Natural Gas Market Struggles with Limited Storage Capacity
Fully subscribed natural gas pipelines and increasing volatility are driving the need for more storage capacity in the Western US natural gas market.
At a conference, industry experts highlighted the challenges facing prospects looking to expand existing infrastructure or build new facilities. According to them, brownfield projects, which involve repurposing existing sites, hold an advantage over greenfield developments due to lower costs and faster timelines.
Despite these challenges, some expansions are already underway, with several companies working on increasing storage capacity in the region. However, it remains to be seen whether these efforts will be enough to meet growing demand.