After more than a decade of lackluster performance, natural gas storage assets are back in vogue, and thriving. Consider the following gas storage trends in the U.S.:

1. Lease rates for securing Firm Storage Service (“FSS”) have reached and exceeded levels last seen during the super-cycle in mid-to-late 2000’s,
2. there is intense competition amongst customers to secure capacity and willingness to commit to longer-term contracts,
3. sizable brownfield capacity is in various stages of development,
4. recent M&A metrics for gas storage are robust; and,
5. after more than a decade long hiatus, greenfield capacity additions are now being actively pursued.

The golden age of gas storage version 2.0 is truly underway!