scholarly journals The value of underground storage in today`s natural gas industry

10.2172/34330 ◽  
1995 ◽  
Author(s):  
2009 ◽  
Vol 49 (2) ◽  
pp. 578
Author(s):  
John Torkington

The underground storage of greenhouse gases is seen by many as one of the primary technologies by which fossil fuel dependent nations can reduce their greenhouse gas emissions. Consequently there is a societal need to consider how best to facilitate the commercial scale uptake of this technology. Two principal barriers remain to the commercial scale deployment of greenhouse gas storage. Existing capture technologies are very expensive and there remains community concern that the underground storage of greenhouse gases is not permanent. It is likely that the natural gas industry will continue to be world leaders in the commercial-scale deployment of greenhouse gas storage, as this industry already captures large volumes of carbon dioxide and is familiar with underground storage technologies. In time, increased commercial scale deployment by the natural gas industry will build community confidence in the technology thus facilitating deployment by other industry sectors. Opportunities to promote greenhouse gas storage in Australia need to be considered in the broader policy context, which should be to reduce Australia’s greenhouse gas emissions at the lowest possible cost to the community. This extended abstract reviews the various ways in which greenhouse gas storage can be promoted and tests these in light of this broader policy context. The paper identifies those opportunities that should be pursued to promote the commercial scale uptake of greenhouse gas storage and flags those opportunities that, while they might assist in the uptake, are incompatible with the broader policy objective.


2017 ◽  
Vol 1 (1) ◽  
pp. 1-8
Author(s):  
Andrew R. Kear

Natural gas is an increasingly vital U.S. energy source that is presently being tapped and transported across state and international boundaries. Controversy engulfs natural gas, from the hydraulic fracturing process used to liberate it from massive, gas-laden Appalachian shale deposits, to the permitting and construction of new interstate pipelines bringing it to markets. This case explores the controversy flowing from the proposed 256-mile-long interstate Nexus pipeline transecting northern Ohio, southeastern Michigan and terminating at the Dawn Hub in Ontario, Canada. As the lead agency regulating and permitting interstate pipelines, the Federal Energy Regulatory Commission is also tasked with mitigating environmental risks through the 1969 National Environmental Policy Act's Environmental Impact Statement process. Pipeline opponents assert that a captured federal agency ignores public and scientific input, inadequately addresses public health and safety risks, preempts local control, and wields eminent domain powers at the expense of landowners, cities, and everyone in the pipeline path. Proponents counter that pipelines are the safest means of transporting domestically abundant, cleaner burning, affordable gas to markets that will boost local and regional economies and serve the public good. Debates over what constitutes the public good are only one set in a long list of contentious issues including pipeline safety, proposed routes, property rights, public voice, and questions over the scientific and democratic validity of the Environmental Impact Statement process. The Nexus pipeline provides a sobering example that simple energy policy solutions and compromise are elusive—effectively fueling greater conflict as the natural gas industry booms.


2013 ◽  
Vol 448-453 ◽  
pp. 4304-4307
Author(s):  
Xiao Zhe Meng

Industrial integration is the trend of the modern industrial economy. It is the result of the enterprises from competition to cooperation. Industry boundaries become blurring. And industries begin to integrate. With technological innovation, business integration, market integration, as well as industry regulation reform, electricity industry and natural gas industry is towards integration. The barriers between electricity industry and natural gas industry has been eliminated through knowledge sharing, mergers and acquisitions, market reform and regulation reform in developed countries. The energy industry in China will also be integration to improve national competitiveness.


2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.


2008 ◽  
Vol 12 (3) ◽  
pp. 40-51
Author(s):  
Paulo Henrique de Mello Sant Ana ◽  
Gilberto De Martino Jannuzzi ◽  
Sérgio Valdir Bajay

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