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salt dome

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salt dome

Largely subsurface geologic structure that consists of a vertical cylinder of salt embedded in horizontal or inclined strata. In the broadest sense, the term includes both the core of salt and the strata that surround and are “domed” by the core. Major accumulations of oil and natural gas are associated with salt domes in the U.S., Mexico, the North Sea, Germany, and Romania; domes along the Gulf Coast contain large quantities of sulfur. Salt domes are also major sources of salt and potash on the Gulf Coast and in Germany, and they have been used for underground storage of liquefied propane gas. Storage “bottles,” made by drilling into the salt and then forming a cavity by subsequent solution, have been considered as sites for disposal of radioactive wastes.


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amp; HOUSTON -- GE Energy Financial Services, a unit of General Electric (NYSE: GE), is making its first investment in natural gas storage, acquiring a preferred equity interest in an underground salt dome storage project in Louisiana for $65 million from Haddington Energy Partners III LP, a Houston-based, energy-focused private equity fund.
This is permitted on the Salt Dome where there are no spacing limitations imposed by the State.
Natural gas salt dome storage is safe and one of the best methods to protect against supply interruptions," added Jewell.
 
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