Natural Gas Storage Inventory

This dataset provides a comprehensive overview of natural gas storage inventory in Canada for the month of January 2016. The data is sourced from reliable national statistics, offering a detailed breakdown of opening and closing inventory levels in both cubic metres and gigajoules. The dataset is structured to include key metrics such as storage type, geographical location, and scalar factors, providing a robust foundation for analyzing natural gas storage dynamics within the country.

Key Features

• Storage Metrics: The dataset includes both opening and closing inventory levels, measured in cubic metres and gigajoules, offering a complete picture of natural gas storage dynamics.
• Geographical Focus: Data is specific to Canada, providing insights into national storage capacities and trends.
• Unit of Measurement: Information is presented in two primary units—cubic metres and gigajoules—allowing for versatile analysis and comparison.
• Scalar Factors: The dataset incorporates scalar factors (thousands) to ensure accurate representation of large-scale storage values.
• Temporal Precision: The data is time-stamped for January 2016, ensuring relevance and accuracy for temporal analysis.

Potential Uses

• Energy Market Analysis: Assist in understanding the supply and demand dynamics of natural gas in Canada, which is crucial for energy market forecasting and planning.
• Inventory Management: Provide insights into optimal inventory management practices for natural gas storage facilities.
• Regulatory Compliance: Support regulatory bodies in monitoring and ensuring compliance with storage capacity and safety standards.
• Environmental Impact Assessment: Evaluate the environmental impact of natural gas storage and potential leakages or emissions.
• Strategic Planning: Inform strategic planning for energy companies and policymakers by providing a clear snapshot of current storage capacities and trends.