Novice

With more than 67 Bcf of working capacity proposed, Louisiana tops the list of states and provinces in North America with the most proposed gas storage, followed closely by Texas with 65.3 Bcf, Alabama with 62.5 Bcf and Mississippi with 55.6 Bcf of proposed working gas storage capacity, according to a new gas storage and LNG database and map produced by Intelligence Press, Inc. Despite the big numbers, however, storage developers say it isn’t exactly a boom time for the storage sector.

Although still a novice in the electricity market, ColumbiaEnergy Group accomplished something that a number of seasonedveteran traders failed to do when power prices in the Midwest shotup last June – it made a profit, says Chairman Oliver “Rick”Richard. He declined, however, to reveal the amount.