Natural gas in storage also serves as insurance against any unforeseen accidents, natural disasters, or other occurrences that may affect the production or delivery of natural gas. Earlier, when it was a regulated commodity, natural gas storage was part of the product sold by pipelines to utilities. But the introduction of the Federal Agency Regulatory Commissions order 636 opened up the natural gas market to de-regulation.
Natural gas storage is essential mainly for two reasons, to meet the seasonal demand requirements and to act as an insurance against any emergency situations. There are various types of natural gas storage methods available with notable ones being the underground storage, over ground storage and storage on floating vessels.
Gaseous form of natural gas is mainly stored using underground methods. The three types of underground natural gas storage method were depleted reservoirs, aquifers, and salt caverns. North America leads the natural gas storage market with CIS region next with close proximity in terms of market demand.
Ever increasing energy demand, Rise in Strategic Petroleum Reserves, increasing shale activity in some regions particularly North America and Asia-Pacific and government policies and regulations are driving the market. The increase in production of natural gas, mainly on account of shale reserves has allowed injection rates to pick up.
Whereas on the flip side, issues regarding to availability of natural gas, location of storage facilities are constraining the market from growth.
This report extensively analyzes the Natural Gas Storage market by segmenting it based on geography and storage method. Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.
2. Research Methodology
3. Markets Covered
4. Market Overview
4.2 Market Demand to 2022
4.3 Recent Developments in Natural Gas Storage Industry
4.4 Investment and Opportunities
5. Drivers, Constraints and Opportunities
5.1.1 Increase in Natural Gas Production
5.1.2 Increase in use of Natural Gas for Power Generation and other Industries
5.1.3 Rise in Strategic Petroleum Reserves
5.1.4 Household Demand Fluctuations of Natural Gas
5.2.1 Initial Investment
5.2.2 Fall in Crude Oil Prices
5.3.1 North American Shale Boom
6. Natural Gas Storage Industry Value Chain Analysis
6.2 Natural Gas Storage Service Providers
7. Global Natural Gas Storage Market Analysis, by Storage method in Volume
7.1 Under Ground
7.1.1 Depleted Reservoirs
7.1.2 Salt Caverns
7.2 Above Ground
8. Global Natural Gas Storage Market Analysis, by Geography in Volume
8.1 North America
8.1.1 United States of America
8.2 Asia Pacific
8.3.2 United Kingdom
8.4 Middle East and Africa
9. Key Company Analysis
9.2 Dominion Resources Inc.
9.3 EWE Gasspeicher GmBH
9.4 Foster Wheeler
9.5 GDF Suez
9.6 Ni Source Inc.
9.7 Niska Gas Storage
9.8 Samsung Heavy Industries
9.9 Spectra Energy Corporation
9.11 Trans Canada Corporation
9.12 Worley Parsons
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Market Share Analysis
11.1 Contact Us