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Salt Caverns play an important
role in the energy industry. They can be used to store
propane, butane, natural gas, or petroleum. In fact, the
Strategic Petroleum Reserve of the United States of America
is stored primarily within subterranean salt caverns.
Salt caverns also provide a very secure environment in
which to store gases and fuels. According to the National
Gas Supply Association, salt caverns have the “structural
strength of steel” and allow very minor amounts
of gas or fuel to escape.
With regard to natural gas, salt caverns, although
smaller than some other types of underground storage,
are ideally suited to meet demand fluctuations during
peak usage time or wintertime. Natural gas can be more
quickly withdrawn from and replenished in salt caverns
than in other forms of storage.
Natural gas has seen a steady increase in demand and
cost and will most likely continue to do so for the
foreseeable future. According to the Energy Information
Administration’s Annual Energy Outlook, natural
gas demand in the United States will continue to increase
at a steady rate of 1.4 percent annually. Therefore,
NZ Legacy is well positioned to capitalize upon this
trend as energy firms look for additional storage areas
for this precious resource.
NZ Legacy land holdings contain a 650-foot thick salt
layer that is 1,000 feet below ground level.
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