About Stockholm natural gas storage
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About Stockholm natural gas storage video introduction
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6 FAQs about [Stockholm natural gas storage]
What is underground gas storage?
There is a need to study the gas mixtures underground for storage. The concept of underground gas storage is based on the natural capacity of geological formations such as aquifers, depleted oil and gas reservoirs, and salt caverns to store gases.
What is the purpose of natural gas storage?
The obvious purpose of a storage is to balance the supply of natural gas with the variations in consumption within an area, like seasonal fluctuations, short term adjustment (weekly and daily), and peak winter demand.
Why is gas storage important?
Having a storage helps reduce the pipeline transport cost as gas from the storage can be used to cut the peak demands, i.e. the import contract can be set at a level below the maximum peak demand. The storage is also used to manage imbalances in the gas system between consumption and import.
What if a country does not have a gas storage facility?
Under the regulation, countries that do not have storage facilities must store 15% of their annual domestic gas consumption in stocks located in other member states, and thereby have access to gas reserves stored in other member states.
Who is TSG Nordic gas?
Nordic Gas was established in 2010 and is headquartered in Stockholm. In Estonia, the company operates under the name TSG Nordic Gas OÜ. In January 2023, Nordic Gas became part of TSG Group. Our mission is to contribute to increase the use of energy gas in society with high demands on safe and environmentally sound management.
What is natural gas supply?
The natural gas supply includes production and imports minus gas that is exported or stored. Like oil, natural gas is pumped from deposits underground or beneath the sea floor. Once extracted, gas must be processed and is then distributed by pipelines to end users such as power plants and homes.