Niska Gas Storage Partners LLC (Niska Partners) is an independent owner and operator of natural gas storage assets in North America. Niska Partners owns or contract for approximately 204.5 billion cubic feet of total gas storage capacity. As of March 31, 2011, the Company�s total working gas capacity to 204.5 billion cubic feet. Niska Partners store natural gas for a range of customers, including financial institutions, marketers, pipelines, power generators, utilities and producers of natural gas. The Company provides multi-year, multi-cycle storage services to its customers under long term firm reserved storage (LTF) contracts. The volume-weighted average life of its LTF contracts at March 31, 2011, was 2.6 years. The Company also provides services for customers under short term firm storage (STF) contracts. STF contracts typically have terms of less than one year.