We believe complexities associated with pipeline systems, gas storage and extraction, as well as declining production will drive natural gas prices up in the long-term.

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That means storage technology would qualify as well as, say, gas-fired power plants.

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The Chinguetti development will include six production wells, four water injection wells, and a gas injector well, attached to a permanently moored floating production, storage and offloading vessel situated in about 800 metres of water.

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By 2030, the U.S. and Canada will need approximately 29, 000 to 62, 000 miles of additional natural gas pipelines as well as 370 billion to 600 billion cubic feet of additional storage capacity, says the study.

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