Underground Gas Storage Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2022-2026

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Global working gas capacity of underground gas storage sites was 16.8 trillion cubic feet (tcf) in 2022. The underground gas storage capacity and capital expenditure forecast report gives an overview of planned and announced underground gas storage capacity additions by key regions, countries, and companies. It also provides an outlook of the planned and announced capital expenditure of underground gas storage plants by key countries and companies globally.

Key Announced Underground Gas Storage Projects

Globally, two new gas storage projects were announced in 2022. They are Clear Creek I and Golden Beach.

Clear Creek I:  Clear Creek I is an announced gas storage facility expected to start operations in the year 2024. Clear Creek Storage Co LLC is the operator, while Spire Inc is a 100% equity stakeholder of this depleted oil and gas filed type facility.

Golden Beach: Golden Beach is a depleted oil and gas field gas storage project proposed in Melbourne, Australia. This announced project is expected to commence operations by 2026.

Underground Gas Storage Capacity by Regions

Among regions, North America held the largest share of the global working gas storage capacity, followed by Europe and the Former Soviet Union (FSU). Other regions are Asia, Middle East, and Oceania.

Underground Gas Storage Capacity, by Regions

Underground Gas Storage Capacity, by Regions

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Planned and Announced Working Gas Storage Capacity by Key Countries

Working gas storage capacity is expected to become operational in 26 countries from planned and announced projects during the forecast period. Russia leads among the countries with the highest planned and announced working gas storage capacity, followed by China and Turkey. Other countries are the UK, Uzbekistan, Iran, Italy, the US, Bulgaria, and Germany.

Planned and Announced Working Gas Storage Capacity, by Key Countries

Planned and Announced Working Gas Storage Capacity, by Key Countries

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Planned and Announced Working Gas Storage Capacity by Key Companies

Globally among the oil and gas companies, Gazprom, China National Petroleum Corp, and Uzbekneftegaz National Holding Co, lead with the highest working gas capacity from planned and announced projects during 2022–2026. Other companies are National Iranian Gas Co, Eni SpA, Bendis Enerji Uretim Madencilik Danismanlik San ve Tic Ltd Sti , Botas Petroleum Pipeline Corp, Snam SpA, Turkiye Petrolleri Anonim Ortakligi, and Sunny Hill Energy Ltd.

Planned and Announced Working Gas Storage Capacity, by Key Companies

Planned and Announced Working Gas Storage Capacity, by Key Companies

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Underground Gas Storage Projects Overview

Global Working Gas Capacity (2022) 16.8tcf
Key Announced Projects Clear Creek I and Golden Beach
Key Regions North America, Europe, the Former Soviet Union (FSU), Asia, Middle East, and Oceania
Key Countries Russia, China, Turkey, the UK, Uzbekistan, Iran, Italy, the US, Bulgaria, and Germany
Key Companies Gazprom, China National Petroleum Corp, and Uzbekneftegaz National Holding Co, National Iranian Gas Co, Eni SpA, Bendis Enerji Uretim Madencilik Danismanlik San ve Tic Ltd Sti, Botas Petroleum Pipeline Corp, Snam SpA, Turkiye Petrolleri Anonim Ortakligi, and Sunny Hill Energy Ltd

Scope

  • Planned and announced underground gas storage capacity additions by key regions, countries, and companies
  • Planned and announced capital expenditure outlook by key countries and companies globally
  • Planned and announced capex of underground gas storage plants by region, key countries and companies
  • Details of the major planned and announced underground gas storage plants globally up to 2026

Reasons to Buy

  • Obtain the most up to date information available on the underground gas storage plants globally
  • Identify growth segments and opportunities in the global underground gas storage industry
  • Facilitate decision making on the basis of outlook of underground gas storage capacity data
  • Develop business strategies with the help of specific insights about underground gas storage plants globally
  • Keep abreast of key planned and announced underground gas storage plants globally
  • Assess your competitor’s planned and announced underground gas storage plants and capacities

Table of Contents

Table of Contents

| About GlobalData 2

1. Global Underground Gas Storage Outlook to 2026 7

1.1 Key Highlights 7

2. Key Projects Announcements and Cancellations 8

2.1 Announced Projects 8

2.2 Stalled Projects 8

2.3 Key Canceled Projects 8

3. Global Working Gas Capacity and Capex Outlook 9

3.1 Planned and Announced Gas Storage Sites by Region 9

3.2 Working Gas Capacity by Region 10

3.3 Planned and Announced Working Gas Storage Capacity by Key Countries 11

3.4 Planned and Announced Working Gas Storage Capacity by Key Companies 12

3.5 New Build Capex on Planned and Announced Gas Storage Sites by Region 13

3.6 New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 14

3.7 New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 15

4. Regional Capex Outlook by Country and Company 16

4.1 Asia – New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 16

4.2 Asia – New Build Capex on Planned and Announced Gas Storage Sites Key Companies 17

4.3 Europe – New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 18

4.4 Europe – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 19

4.5 FSU – New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 20

4.6 FSU – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 21

4.7 Middle East – New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 22

4.8 Middle East – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 23

4.9 North America – New Build Capex on Planned and Announced Gas Storage Sites by Country 24

4.10 North America – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 25

4.11 Oceania – New Build Capex on Planned and Announced Gas Storage Sites by Country 26

4.12 Oceania – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 27

4.13 South America – New Build Capex on Planned and Announced Gas Storage Sites by Key Countries 28

4.14 South America – New Build Capex on Planned and Announced Gas Storage Sites by Key Companies 29

5. Working Gas Capacity Additions by Site-Type and Region 30

5.1 Depleted Oil and Gas Field-Type Gas Storage, Planned and Announced Working Gas Capacity Additions by Region 30

5.2 Aquifer-Type Gas Storage, Planned and Announced Working Gas Capacity Additions by Region 30

5.3 Salt Cavern-Type Gas Storage, Planned and Announced Working Gas Capacity Additions by Region 31

5.4 Other Types of Gas Storage, Planned and Announced Working Gas Capacity Additions by Region 31

6. Top 15 Global Planned and Announced Gas Storage Sites by Site 32

6.1 Depleted Oil and Gas Field-Type, Top 15 Global Planned and Announced Gas Storage Site 32

6.2 Salt Cavern-Type, Top 15 Global Planned and Announced Gas Storage Sites 34

6.3 Aquifer-Type, Top 15 Global Planned and Announced Gas Storage Sites 36

6.4 Other Types of Global Planned and Announced Gas Storage Sites 36

7. Appendix 37

7.1 Abbreviations 37

7.2 Important Definitions 37

7.3 Market Definition 37

7.4 Methodology 38

| Contact Us 39

Table

Table 1: Count of planned and announced gas storage sites, 2022-2026 9

Table 2: Total working gas storage capacity by region, 2026 (bcf)* 10

Table 3: Planned and announced working gas storage capacity by key countries, 2022–2026 (bcf) 11

Table 4: Planned and announced working gas storage capacity by key companies, 2022–2026 (bcf) 12

Table 5: New build capex on planned and announced gas storage sites by region during 2022–2026 ($M) * 13

Table 6: New build capex on planned and announced gas storage sites by key countries during 2022–2026 ($M) 14

Table 7: New build capex on planned and announced gas storage sites by key companies during 2022–2026 ($M)* 15

Table 8: New build capex on planned and announced gas storage sites in Asia by country during 2022–2026 ($M)* 16

Table 9: New build capex on planned and announced gas storage sites in Asia by key companies during 2022–2026 ($M)* 17

Table 10: New build capex on planned and announced gas storage sites in Europe by key countries during 2022–2026 ($M)* 18

Table 11: New build capex on planned and announced gas storage sites in Europe by key companies during 2022–2026 ($M)* 19

Table 12: New build capex on planned and announced gas storage sites in the FSU by key countries during 2022–2026 ($M)* 20

Table 13: New build capex on planned and announced gas storage sites in FSU by key companies during 2022–2026 ($M) 21

Table 14: New build capex on planned and announced gas storage sites in the Middle East by country during 2022–2026 ($M)* 22

Table 15: New build capex on planned and announced gas storage sites in the Middle East by company during 2022–2026 ($M)* 23

Table 16: New build capex on planned and announced gas storage sites in North America by country during 2022–2026 ($M)* 24

Table 17: New build capex on planned and announced gas storage sites in North America by key companies during 2022–2026 ($M)* 25

Table 18: New build capex on announced gas storage sites in Oceania by country during 2022–2026 ($M)* 26

Table 19: New build capex on planned and announced gas storage sites in Oceania by company during 2022–2026 ($M)* 27

Table 20: New build capex on planned gas storage sites in South America by country during 2022–2026 ($M)* 28

Table 21: New build capex on planned gas storage sites in South America by key companies during 2022–2026 ($M)* 29

Table 22: Depleted oil and gas field-type gas storage, planned and announced working gas capacity additions by region, 2022–2026 30

Table 23: Aquifer-type gas storage, planned and announced working gas capacity additions by region (bcf), 2022–2026 30

Table 24: Salt cavern-type gas storage, planned and announced working gas capacity additions by region (bcf), 2022–2026 31

Table 25: Other types of gas storage, planned and announced working gas capacity additions by region (bcf), 2022–2026 31

Table 26: Depleted oil and gas field-type, top 15 global planned and announced gas storage sites, 2022–2026 32

Table 27: Salt cavern-type, top 15 global planned and announced gas storage sites, 2022–2026 34

Table 28: Aquifer-type, global planned and announced gas storage sites, 2022–2026 36

Table 29: Other global planned and announced gas storage sites, 2022–2026 36

Figures

Figure 1: Global map of planned and announced gas storage sites, 2022-2026 9

Figure 2: Total working gas storage capacity by key regions, 2026 (bcf)* 10

Figure 3: Planned and announced working gas storage capacity by key countries, 2022–2026 (bcf) 11

Figure 4: Planned and announced working gas storage capacity by key companies, 2022–2026 (bcf) 12

Figure 5: New build capex on planned and announced gas storage sites by region during 2022–2026 ($M) 13

Figure 6: New build capex on planned and announced gas storage sites by key countries during 2022–2026 ($M) 14

Figure 7: New build capex on planned and announced gas storage sites by key companies during 2022–2026 ($M) 15

Figure 8: New build capex on planned and announced gas storage sites in Asia by country during 2022–2026 ($M) 16

Figure 9: New build capex on planned and announced gas storage sites in Asia by key companies during 2022–2026 ($M) 17

Figure 10: New build capex on planned and announced gas storage sites in Europe by key countries during 2022–2026 ($M) 18

Figure 11: New build capex on planned and announced gas storage sites in Europe by key companies during 2022–2026 ($M) 19

Figure 12: New build capex on planned and announced gas storage sites in the FSU by key countries during 2022–2026 ($M) 20

Figure 13: New build capex on planned and announced gas storage sites in FSU by key companies during 2022–2026 ($M) 21

Figure 14: New build capex on planned and announced gas storage sites in the Middle East by country during 2022–2026 ($M) 22

Figure 15: New build capex on planned and announced gas storage sites in the Middle East by company during 2022–2026 ($M) 23

Figure 16: New build capex on planned and announced gas storage sites in North America by country during 2022–2026 ($M) 24

Figure 17: New build capex on planned and announced gas storage sites in North America by key companies during 2022–2026 ($M) 25

Figure 18: New build capex on announced gas storage sites in Oceania by country during 2022–2026 ($M)* 26

Figure 19: New build capex on announced gas storage sites in Oceania by company during 2022–2026 ($M)* 27

Figure 20: New build capex on planned gas storage sites in South America by country during 2022–2026 ($M)* 28

Figure 21: New build capex on planned gas storage sites in South America by key companies during 2022–2026 ($M) 29

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