Management’s Perspective on Underground Gas Storage

Abstract

Certainly the views of the Management of Coastal Corporation’s Natural Gas Group on gas storage have been very favorable throughout the years, evidenced by our system companies having developed 25 storage fields and 340 Bcf of working storage capacity since 1941 for our own system needs. And, building on the extensive storage development and operating experience we gained over the forty years, we started my company, ANR Storage Company, in 1978 to develop and operate gas storage facilities for non-affiliated customers as a new corporate business opportunity. Since then ANR Storage has developed and placed into operation four new fields in the state of Michigan and one in Kansas which is owned on a 50/50 partnership basis. Today, we are preparing the necessary applications for government permits to develop, thru a partnership, a depleted gas field in the state of New York to provide storage service to 5 east coast gas distribution companies and are also currently involved in proposed gas storage projects in several other regions of the country.