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Lack Of New Natural Gas Storage Capacity [1[ads1]9659004] Natural gas of course is & nbsp; more our go-to fuel to grow the economy, reduce greenhouse gas & nbsp; emissions, backup wind and solar, and be our essential energy source to export to a mostly poor and energy-deprived world.  This ongoing US " Dash to Gas " make a known necessity for us: we need more geological sites to meet the ebb and flow of demand.
Since the revolution took flight in 2008, US natural gas prices have been low and stable (see Figure below).
While this is great for American families and businesses, it is building new gas storage capacity less of a priority.
But, not building new storage capacity has been a logical decision.
Storage facilities are a primary tool for mitigate price risks and used by pipelines to maintain operational flexibility and system balance.
The & nbsp; spikes in pricing , especially in the cold winter months when demand spikes, have greatly subsided.
A flatter price trend makes it harder for storage operations to make money, a business that is about " buying low and selling high when prices go up . "
As a result, almost all new storage projects and capacity expansions have been delayed or canceled.
Meanwhile, U.S. natural gas production and use continue to surge to record heights every year (see figure below).
The constant reality for the U.S. gas market and prices is record production colliding with record consumption.
In the Shale-Era since 2008, U.S. gas production has increased 60%, demand is up nearly 35%, yet gas storage capacity has grown just 14%.
Wind And Solar Are Intermittent
Perhaps our most fundamental energy fact is that & nbsp; natural gas will continue to play a central role in the U.S. electric power system
That's because & nbsp; as we continue to seek ways to cut greenhouse gas emissions, the harsh reality for some is that wind and solar are intermittent sources of power, unavailable & nbsp; most of the time (capacity factors only around 30 % even on good days.]
It's something that can be simply deleted: the intermittency of renewable generation will require flexible, fast-ramping generation.
As such, the obvious requirement to backup these renewables & nbsp; was, and will continue to be, very flexible, economical natural gas peaking plants.
be what provides electrical grid reliability, namely via load and generation profile followings, frequency regulation, backup power, and spinning reserves.
Obviously, battery storage is growing in importance, but these systems do not support the & nb sp; full range of flexibility needed, including for seasonal and daily variations.
Thus, batteries cannot displace gas-fired generation, which is uniquely suited to the intermittency of renewables.
It's no wonder then that EIA says gas will be available at 235,000 megawatts .
For perspective, this is a whopping 10 times more than what onshore wind will give us.
This all means that we are actually in the early stages of unprecedented growth in natural gas being produced and used in the US (see figure below).
So, our power system itself could easily face severe & nbsp; built for the electricity sector.
For reference, depleted fields account for over 80% of working gas storage capacity.
natural gas production and demand are expected to continue to surge.
Data source: EIA; JTC