Regulation Of Petroleum Tanks

Consequently, depleted reservoirs are generally the cheapest and easiest to develop, operate, and maintain of the three types of underground storage. Natural gas is a commodity that can be stored for an indefinite period of time in natural gas storage facilities for later consumption. For example, our flagship software model KyStore supports traders and portfolio managers in natural gas markets. The gas storage optimization software not only raises revenues from gas storage trading operations, but also provides accurate valuations and reduces risk with adequate hedge recommendations. The model uses advanced stochastics including Least Squares Monte Carlo techniques to capture the full optionality in gas storage facilities. The working gas volume is the amount of gas that can be injected into the storage and withdrawn at a later moment in time during normal commercial operation.

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