Peregrine provides natural gas storage and related services under contracts of varying length - the facility has a certificated capacity of 53 Bcf.
In addition to revenue from storage services, Peregrine also generates incremental revenue from:
The need for gas storage depends primarily on the requirement to balance seasonal variation in production supply and consumption demand for natural gas. A fundamental driver is that natural gas is growing in significance as a resource to meet energy requirements of the US as a result of significant increases in actual gas supply and lower prices. Natural gas is also considered an environmentally friendly fuel compared to other fossil fuels.