Global “Natural Gas Storage Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Natural Gas Storage in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Natural Gas Storage Market report categorizes the market based on manufacturers, regions, type, and application. Natural Gas Storage Market reports offer a detailed assessment of the Natural Gas Storage including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Natural Gas Storage market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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 UKs offshore 130 bcm Rough field stand out. Further, the global LNG trade is expected to increase by 90-100 million metric ton between 2016 and 2021, driving the demand for onshore LNG storage facility.
Underground Storage expected to have the Largest Share in the Market
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. Mexico lacks natural gas storage facility and policy for the same is expected to be drafted by the end of 2018. Underground storage is most favorable option of Mexico. As a result, the underground storage system is expected to account for the largest share in the coming years.
Europe to be one of the Largest Market
The dependency of European countries on natural gas is increasing, and demand for natural gas storage infrastructure is increasing for securing the availability, irrespective of season. Ukraine has the largest natural gas storage facilities in the region. Germany, France, and Italy can store up to one-third of their annual natural gas demand. Depleted fields accounts for around 70% of the regions storage facility. Several underground gas storage facilities are under construction or planned in Italy, Turkey, Germany, the United Kingdom, Bulgaria, and others.
China to be one of the Fastest Growing Market
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 worlds second-largest LNG importer in 2017. The demand for LNG in China is expected to grow by 78% during the forecast period, as the country plans to phase out coal-based fired power plants and use natural gas for power generation. As a result, the demand for onshore LNG storage is poised to grow.
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The global Natural Gas Storage market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Natural Gas Storage Market Report covers the Top Key-players in 2021:-
- 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
Highlighted points of Natural Gas Storage Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Natural Gas Storage Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Natural Gas Storage? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Natural Gas Storage Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Natural Gas Storage Market? What Was Capacity, Production Value, Cost and PROFIT of Natural Gas Storage Market?
- What Is Current Market Status of Natural Gas Storage Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Natural Gas Storage Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Natural Gas Storage Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Natural Gas Storage Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Natural Gas Storage Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Natural Gas Storage Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Natural Gas Storage Industry?
Key Developments in the Natural Gas Storage Market:
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Finally, the report Global Natural Gas Storage Market 2021 describes the Natural Gas Storage industry expansion game plan, the Natural Gas Storage industry knowledge supply, appendix, analysis findings, and the conclusion.
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