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
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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
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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
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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
Frequently asked questions
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What was the global working gas capacity of underground gas storage sites in 2022?
The global working gas capacity of underground gas storage sites was 16.8 trillion cubic feet (tcf) in 2022.
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What are the new gas storage projects announced in 2022?
The new gas storage projects announced in 2022 are Clear Creek I and Golden Beach.
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Which are the key regions having planned and announced working gas storage projects?
The key regions having planned and announced working gas storage projects are North America, Europe, the Former Soviet Union (FSU), Asia, Middle East, and Oceania.
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Which are the key countries having planned and announced working gas storage projects?
The key countries having planned and announced working gas storage projects are Russia, China, Turkey, the UK, Uzbekistan, Iran, Italy, the US, Bulgaria, and Germany.
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What are the key companies having planned and announced working gas storage projects?
The key companies having planned and announced working gas storage projects are 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.
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