DUBLIN--(BUSINESS WIRE)--The "Global Natural Gas Storage Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Gas storage ensures availability during times of peak demand and stores the surplus that is produced when demand is low. Several economies in the world, like China, India, the United States, France, Germany, and others, are planning to increase the share of natural gas in their energy mix and driving the demand for gas storage facilities. Texas is home to numerous depleted oil & gas stores, while in Europe, the 43 bcm Severo-Stavropolskoye UGS facility in southern Russia and the UK's offshore 130 bcm Rough field stand out.
Underground storage system accounts for the largest share among gas storage facilities. Depleted fields are known to petroleum engineers and geologists and require only modification of existing extraction and distribution infrastructure. In the United States and Europe, depleted oil & gas field account for the largest share in the storage facility, and several storage facilities are expected to come during the forecast period in Europe.
China has 25 natural gas storage facilities with a total capacity of more than 10 billion cubic meters. The country is one of the top oil & gas producer. CNPC is planning to build storage facilities in the country with total capacity of 21 billion cubic meters and is expected to cost USD 3.3 billion. Further, it overtook South Korea and became the world's second-largest LNG importer in 2017.
- John Wood Group PLC
- Chiyoda Corporation
- Mitsubishi Heavy Industries Ltd
- Enbridge Inc.
- Engie SA
- NAFTA a.s.
- Centrica Storage Ltd
- Rockpoint Gas Storage
- Cardinal Gas Storage Partners
Key Topics Covered:
- Executive Summary
- Research Methodology
- Market Overview
- Market Dynamics
- Supply Chain Analysis
- Industry Attractiveness - Porter's Five Force Analysis
- Market Segmentation and Analysis
- Regional Market Analysis
- Key Company Analysis
- Competitive Landscape
For more information about this report, visit https://www.researchandmarkets.com/research/7532mf/global_natural?w=4.