movement in underground gas storage

MOS seems to have got its bum into gear, and is now advising it will have a J/V partner for its Underground Gas storage project by END THIS CALENDAR YEAR.

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Refer Pages 23 & 24 Todays Presentation
Potential partners
–CSG / LNG development company
–Integrated gas producer / supplier
–Long term gas storage provider / trader

Finalise evaluation of gas storage opportunity:
-Secure commercial strategic venture partner by end of calendar 2009
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WHilst I have no evidence, I hear that CSG producers are interested in project, and I get the feeling that some may be passing their eye over MOS itself.SO DYOR

This project has big prospects, because it can store around 75PJ which is a heck of a lot of ramp up gas - i cannot locate numbers yet, but that number is enough to supply an LNG train for quite a while.

UGS is a proven technique and is operational all over the USA - check out presentation give by MOS in NY.

good hunting
cheers