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Published Date: 2015-12-09Number of Pages: 95

Natural Gas Storage Market, By Type {Above-ground Storage and Underground Storage (Depleted Reservoirs, Salt Caverns, and Aquifers)} - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2015 - 2023

Natural gas can be stored for a longer period of time. However, exploration and production (E&P) and transportation of natural gas takes time. The natural gas that reaches the terminus (demand center) is not always needed right away, so it is stored in storage facilities. The stored natural gas can be utilized in the future as the demand arises. Natural gas is usually stored in two ways: underground natural gas storage facilities and above-ground natural gas storage facilities. Above-ground storage facilities comprise storage tanks installed at import-export terminals. Natural gas is compressed and liquefied into liquefied natural gas (LNG) for storing it in above-ground storage tanks. Underground storage facilities are of three types: depleted oil & gas reservoirs, salt caverns, and aquifers. Natural gas is injected in these facilities and stored for an indefinite time period.

Natural gas storage facilities provide energy security and insurance against unforeseen accidents, natural disasters, and other events that may affect the production or delivery of natural gas. Natural gas is usually a seasonal fuel. Demand for natural gas is highest during winters since it is used for heating and electricity generation. Stored natural gas plays a vital role in ensuring that any excess supply during summers is available to meet the increased demand during winters. Thus, natural gas storage facilitates balancing of seasonal peak load demands and ensures sustained supply of natural gas throughout the year.

The global natural gas storage market is segmented on the basis of storage type and geography. Europe and North America are the major markets for natural gas storage. These are mature markets and constitute for more than 90% of global natural gas storage. The U.S., Germany, Italy, France, Russia, Ukraine, and Canada are the major players in these regions. Asia Pacific is an emerging market for natural gas storage. China has started constructing several natural gas storage facilities to cater to its high demand for natural gas. Other countries such as Australia, Japan, South Korea, Malaysia, and India have also started constructing numerous natural gas storage facilities. Thus, rise in the construction of natural gas storage facilities is expected to boost the global natural gas storage market during the forecast period.

Overall, increasing natural gas demand, growing energy security concerns, and favorable government regulations and incentives have augmented the global natural gas storage market. However, higher construction and capital costs have hampered the natural gas storage market.

Some of the major players in the global natural gas storage market include Spectra Energy Corporation, Gazprom, Niska Gas Storage Partners LLC, Chiyoda Corporation, Centrica Storage Ltd., NAFTA A.S., TransCanada Corporation, Enbridge Gas Distribution Inc., Cardinal Gas Storage Partners LLC, and Engie S.A.

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Section 1 Preface

  • Report Description
  • Market Segmentation
  • Research Scope
  • Research Methodology

Section 2 Executive Summary

  • Global Natural Gas Storage Market Estimates and Forecasts (mcm)
  • Overview

Section 3 Industry Analysis

  • Introduction
  • Value Chain Analysis of Natural Gas Storage Market
  • Market Dynamics
  • Driver 1 – Increasing demand for natural gas
  • Driver 2 – Growing energy security concerns
  • Driver 3 – Favorable government regulations
  • Restraint 1 – High capital-intensive nature of the market
  • Opportunity 1 – Hydraulic fracking and shale gas boom leading to increased natural gas production
  • Porter’s Five Forces Analysis
  • Market Attractiveness Analysis of Industrial Emission Control Systems Market, 2014

Section 4 Natural Gas Storage: Storage Type Overview

  • Global Natural Gas Storage Market, Estimates and Forecast, By Storage Type, 2014–2023 (mcm)
  • Global Natural Gas Storage Market, Estimates and Forecast, By Above-ground Storage, 2014–2023 (mcm)
  • Global Natural Gas Storage Market, Estimates and Forecast, By Underground Storage, 2014–2023 (mcm)
  • Global Underground Natural Gas Storage Market, Estimates and Forecast, By Depleted Reservoirs, 2014 –2023 (mcm)
  • Global Underground Natural Gas Storage Market, Estimates and Forecast, By Salt Caverns, 2014 –2023 (mcm)
  • Global Underground Natural Gas Storage Market, Estimates and Forecast, By Aquifers, 2014 –2023 (mcm)

Section 5 Natural Gas Storage Market: Regional Overview
Natural Gas Storage Market – North America

  • Natural Gas Storage Market – North America, 2014 to 2023 (mcm)
  • U.S. Natural Gas Storage Market, 2014 to 2023 (mcm)
  • U.S. Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Rest of North America Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Rest of North America Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)

Natural Gas Storage Market – Europe

  • Natural Gas Storage Market – Europe, 2014 to 2023 (mcm)
  • Russia Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Russia. Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Ukraine Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Ukraine Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Germany Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Germany. Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • France Natural Gas Storage Market, 2014 to 2023 (mcm)
  • France. Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Italy Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Italy. Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Rest of Europe Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Rest of Europe Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)

Natural Gas Storage Market – Asia Pacific

  • Natural Gas Storage Market – Asia Pacific, 2014 to 2023 (mcm)
  • China Natural Gas Storage Market, 2014 to 2023 (mcm)
  • China Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Australia Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Australia Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Rest of Asia Pacific Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Rest of Asia Pacific Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)

Natural Gas Storage Market – Rest of World

  • Natural Gas Storage Market – Rest of World, 2014 to 2023 (mcm)
  • Iran Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Iran Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Argentina Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Argentina Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)
  • Others of Rest of World Natural Gas Storage Market, 2014 to 2023 (mcm)
  • Others of Rest of World Natural Gas Storage Market, By Type, 2014 to 2023 (mcm)

Section 6 Company Profiles

  • Spectra Energy Corporation
  • Gazprom
  • Niska Gas Storage Partners LLC
  • Chiyoda Corporation
  • Centrica Storage Ltd. 
  • NAFTA A.S.
  • TransCanada Corporation
  • Enbridge Gas Distribution Inc.
  • Cardinal Gas Storage Partners LLC
  • Engie S.A.

List of Figures
 

Figure 1 Global Natural Gas Storage Market Estimates and Forecasts, 2014 – 2023 (mcm)
Figure 2 Global Natural Gas Consumption, By Volume, 2006- 2013 (mcm)
Figure 3 Market Attractiveness Analysis of Natural Gas Storage Market, 2014
Figure 4 Global Natural Gas Storage Market Share, By Storage Type, 2014
Figure 5 Global Natural Gas Storage Market Share, By Storage Type, 2023
Figure 6 Global Natural Gas Storage Market Estimates and Forecasts , By Storage Type, 2014–2023 (mcm)
Figure 7 Global Natural Gas Storage Market Estimates and Forecasts, Above-ground Natural Gas Storage, 2014 – 2023 (mcm)
Figure 8 Global Natural Gas Storage Market Estimates and Forecasts, Underground Natural Gas Storage, 2014 – 2023 (mcm)
Figure 9 Global Natural Gas Storage Market Estimates and Forecasts, Depleted Reservoirs Natural Gas Storage, 2014 – 2023 (mcm)
Figure 10 Global Natural Gas Storage Market Estimates and Forecasts, Salt Caverns Natural Gas Storage, 2014 – 2023 (mcm)
Figure 11 Global Natural Gas Storage Market Estimates and Forecasts, Aquifers Natural Gas Storage, 2014 – 2023 (mcm)
Figure 12 North America Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 13 U.S. Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 14 Rest of North America Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 15 Europe Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 16 Russia Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 17 Ukraine Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 18 Germany Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 19 France Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 20 Italy Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 21 Rest of Europe Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 22 Asia Pacific Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 23 China Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 24 Australia Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 25 Rest of Asia Pacific Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 26 Rest of World Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 27 Iran Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 28 Argentina Natural Gas Storage Market Estimates and Forecasts, 2014–2023 (mcm)
Figure 29 Other Countries Natural Gas Storage Market Estimates and F

 

List of Tables

Table 1 Global Natural Gas Storage Market: Snapshot
Table 2    U.S. Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 3 Rest of North America Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 4 Russia Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 5 Ukraine Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 6 Germany Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 7 France Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 8 Italy Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 9 Rest of Europe Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 10 China Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 11 Australia Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 12 Rest of Asia Pacific Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 13 Iran Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 14 Argentina Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)
Table 15 Others of Rest of World Natural Gas Storage Market Volume and Forecast, by Type, 2014−2023 (mcm)

 

The natural gas storage market report by Transparency Market Research provides in-depth analysis of the natural gas storage market globally. The report segments the market on the basis of storage type and geography. The report analyzes the global natural gas storage market in terms of natural gas storage volume for the 2015–2023 period. For this research study, the base year is 2014, whereas the forecast is from 2015 to 2023. The report provides a comprehensive competitive landscape and features companies engaged in the construction and operation of natural gas storage facilities. This report includes the key dynamics affecting the natural gas storage market globally. The analysis in the report provides detailed insights of the global natural gas storage market. Market dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed industry analysis of global natural gas storage with the help of Porter’s Five Forces model.

The natural gas storage market has been segmented on the basis of type and geography. The natural gas storage market has been segmented by type into above-ground storage and underground storage. Underground storage has been further segmented into three sub-segments: depleted reservoirs, salt caverns, and aquifers. The natural gas storage market has been segmented geographically into four regional segments and further into 10 unique country sub-segments. The regional segments are Europe, Asia Pacific, North America, and Rest of the World. The 10 countries which have been separately addressed in this report are the U.S., Russia, Ukraine, Germany, Italy, France, China, Australia, Iran, and Argentina.

Europe held the major share of the global natural gas storage market in 2014, accounting for more than 50% of the global market share in terms of storage volume. North America was the second-largest market for natural gas storage, followed by Asia Pacific, in 2014. Rest of the World (RoW) held the fourth-largest share of the global natural gas storage market in that year.

Underground storage facilities accounted for more than 95% share of the global natural gas storage market. Depleted reservoirs were the largest number of underground storage facilities constructed across the globe, accounting for more than 75% of total underground storage type facilities in 2014.

Some of the key market participants in the natural gas storage market include Spectra Energy Corporation, Gazprom, Niska Gas Storage Partners LLC, Chiyoda Corporation, Centrica Storage Ltd., NAFTA A.S., TransCanada Corporation, Enbridge Gas Distribution Inc., Cardinal Gas Storage Partners LLC, and Engie S.A. The report provides an overview of these companies, followed by their financial details (if available), business strategies, and recent developments. The natural gas storage market has been segmented as follows:

Global Natural Gas Storage Market: By Type

  • Above-ground Storage
  • Underground Storage
    • Depleted Reservoirs
    • Salt Caverns
    • Aquifers

Global Natural Gas Storage Market: By Region

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • Russia
    • Ukraine
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia
    • Rest of Asia Pacific
  • Rest of World (RoW)
    • Iran
    • Argentina
    • Other Countries