Table of Contents
The global oil and gas storage industry is expected to experience growth in the coming future although the same cannot be said for all the markets worldwide. The current important trend in the oil and gas storage market is that as a result of increased logistics activity in the oil and gas sector due to increasing international and domestic trades, the demand for oil and gas storage capacity is witnessing a rise at the major global supply hubs. The trend is expected to continue, with the major terminal operators worldwide as the key beneficiaries. However, the supply chain operators which are relatively having less proximity from the main storage hubs are not expected to benefit substantially from the current scenario.
The global oil storage industry has seen strong growth due to the increase in oil prices over the last decade. However, oil prices have witnessed a sharp dip due to the global economic crisis. The decline in profit margins due to decreasing oil prices and highly inflated asset values will affect future storage dynamics. The existing storage terminal operators are already experiencing a severe reduction in fresh investments in the market. Regional tax policies are also likely to affect any storage investments. Therefore, new entrants into the storage industry will face tough market conditions due to low profit margins.
The rise in oil demand due to economic growth in South East Asia is likely to propel storage industry growth in the region. The lack of robust storage infrastructure in large oil consuming countries such as China is driving the oil storage industry in the region. China is one of the largest oil consumers in the world and in order to secure its future oil needs the country is increasing its crude oil storage capacity. China is building huge storage facilities to increase its oil reserve capacity and aims to set up reserves capable of meeting 90 to 100 days of domestic crude oil consumption.
Aruvians Rsearch analyzes the Oil & Gas Storage Industry in its research report Analyzing the Global Oil & Gas Storage Industry. The report analyzes the global gas storage industry and the global oil storage industry in two different sections. For the global gas storage industry we analyze the industry statistics, analysis of the key regions including Europe, North America and Others, as well as an cost analysis of gas storage. Impacts on the global gas storage industry such as growth drivers, market barriers and industry trends are also analyzed.
Analysis of the global oil storage industry includes an overview of industry statistics, an analysis of the key regions and markets as well as planned and upcoming industry expansions. Impacts on the global oil storage industry such as market barriers, industry growth drivers and industry trends are also analyzed.
We include an analysis of more than 30 major players in the industry such as China National Petroleum Corporation, Compania Logistica de Hidrocarburos CLH S.A, Japan Oil, Gas and Metals National Corporation (JOGMEC), KazTransGaz, and many others.
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