PennEnergy Research: Gas Development Reports and Industry Outlook

	Gas Development Reports and Industry Outlook Increased Shale Gas Production and Natural Gas Trading is Driving the Growth of Salt Cavern Type Underground Gas Storage Sites in the US Summary The scope of the underground gas storage industry in the US has increased due to the increased trading of natural gas and the commercial production of natural gas from shale plays. The increased trading of natural gas has given impetus to the development of salt cavern type storage sites, as these sites allow faster injections and withdrawals of natural gas than other types of storage facilities. Increased shale gas production in the country has resulted in massive pipeline capacity expansion plans, which will spur the development of the underground gas storage industry. The increased trading of natural gas is also expected to decrease the relevance of the depleted oil and gas field type sites, which accounted for approximately 82.6% of the total working gas capacity in 2011. Scope The report highlights impact of natural gas trading on the growth of salt cavern type underground storage sites in the US The report discusses the relevance of depleted type storage sites in the US due to increased natural gas trading The report highlights benefits of salt cavern type storage sites Gas Processing Industry Outlook in Canada, 2013 Summary This report is a comprehensive report on gas processing industry in Canada. It provides in-depth asset details of all active and planned facilities in the region. Details include operator name, type of the plant, start year, process/ conditioning methods and gas processing capacity. Planned plants as announced by the companies have been included in the report. This research gives information on the market shares of major gas storage companies in Canada. The report also provides profiles of three major gas processing operators in Canada. Scope The report provides detailed information and analysis on gas processing plants in Canada The research work includes processing capacities of active and planned processing plants in the country Information on gas processing capacity of top five companies is provided Profiles of three major companies operating in the industry are also included in the report Macquarie Consortium to Acquire Open Grid Europe from E.ON for $4.07 Billion - E.ON Sells the Asset Amidst Deteriorating Profitability of its Midstream Gas Operations Summary Macquarie European Infrastructure Fund 4 -, a fund managed by Macquarie Group Limited and, along with its consortium members including British Columbia Investment Management Corporation, the Abu Dhabi Investment Authority's Subsidiary Infinity Investments; and MEAG, the asset management arm of Munich Re and ERGO -, agreed to acquire German gas pipeline network operator Open Grid Europe GmbH (Open Grid Europe), an operator of gas pipeline network in Germany, from E.ON AG (E.ON), an integrated energy company, for a purchase consideration of €3.2 billion ($4.07 billion). The purchase consideration includes around €300m ($384.33m) in pension liabilities and other assets. Macquarie Capital and the Royal Bank of Canada are acting as financial advisors to Macquarie consortium while Goldman Sachs is acting as financial advisor to EON in the transaction. The transaction is subject to the approval of the German Federal Cartel Office and, pursuant to the Foreign Trade and Payments Act, the German Federal Ministry of Economics and Technology, and is expected to be completed in the third quarter of 2012. The transaction implies a deal value of $0.67 per cubic feet of installed capacity. Scope Rationale behind E.ON divesting Open Grid Europe Strategic benefits for the companies involved in the transaction Geography covered - Germany