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Salt Cavern Storage Facility for Regasified LNG Proposed in Eastern Canada

Alton Natural Gas Storage filed an environmental assessment with the Nova Scotia Environment and Labour Department last Friday for a salt cavern storage facility to be located near the Maritimes and Northeast Pipeline. Explaining the growing need for suc
July 10, 2007

Alton Natural Gas Storage filed an environmental assessment with the Nova Scotia Environment and Labour Department last Friday for a salt cavern storage facility to be located near the Maritimes and Northeast Pipeline. Explaining the growing need for such storage facilities, one analyst told Platts LNG Daily, “[s]toring LNG in an LNG terminal is very expensive. You really want to regasify and get it into the system as soon as you can to recover that value.” [Subscription required]

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