Underground gas storage with short term reversible flow...

Details Underground gas storage with short term reversible flow... Underground gas storage with short term reversible flow...

2003-06-23

2010-06-01

Borissov, Igor (Department: 3628)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C405S053000

Reexamination Certificate

active

07729976

ABSTRACT:
A system and method are provided for short term trading in gas and/or gas derivatives. In a preferred embodiment, the system provides a plurality of shallow depth salt gas storage facilities. Each of the facilities is typically operated at pressures in a range close to the pipeline pressure, typically within a range of 20 to 80 bars. If trading results in a difference to be made up, then computers operating the facilities respond quickly to add or remove gas from the pipelines, as required, with a response time as low as two minutes to change the net direction of flow of gas into or out of the storage facilities.

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