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Global Capacity and Capital Expenditure Outlook for Underground Gas Storage - Turkey Leads Global New-Build Gas Storage Capex

Global Capacity and Capital Expenditure Outlook for Underground Gas Storage - Turkey Leads Global New-Build Gas Storage Capex

  • June 2019
  • 37 pages
  • ID: 5790676
  • Format: PDF
  • By GlobalData

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Global Capacity and Capital Expenditure Outlook for Underground Gas Storage - Turkey Leads Global New-Build Gas Storage Capex

Summary
The global underground gas storage industry is expected to grow by 16% in terms of working gas storage capacity by 2023.Over the next four years, FSU and Europe are expected to lead the global working gas capacity growth from planned and announced projects.

Among countries, Russia leads in terms of working gas storage capacity growth from planned and announced projects by 2023, followed by Turkey and Italy. In terms of new-build, Turkey, the UK and Italy lead globally among the countries.

Russia is expected to drive the growth in the global underground gas storage industry between 2019 and 2023, contributing around 32% of the working gas capacity growth from planned and announced projects.Russia’s underground gas storage sector is expected to have a working gas storage capacity of 780 billion cubic feet (bcf) by 2023 from planned and announced projects.

In Russia, 10 planned and announced gas storage sites are expected to start operations by 2023. Of these Stepnovskoe II, Bednodemyanovskoye I, and Kanchurinsko-Musinsky Complex II are the key projects in the country with a working gas storage capacities of 199 billion cubic feet (bcf), 177 bcf and 167 bcf, respectively.

Turkey is the second largest country in terms of new-build underground gas storage capacity growth by 2023.The country is expected to add 375 bcf of working gas capacity by 2023 from the seven planned and announced underground gas storage site during the outlook period.

Italy stands third in terms of global working gas storage capacity growth, during the outlook period. The country’s underground gas storage sector is expected to witness start of operations of 15 new-build underground gas storage sites, with a total working gas storage capacity of 249 bcf between 2019 and 2023.

Scope
- Global active working gas storage capacity data by regions, the outlook for planned and announced capacity up to 2023
- Annual breakdown of new-build capex for planned and announced gas storage sites for the period 2019 to 2023 by region
- Global planned and announced working gas capacity growth, and new-build capex outlook by key countries and companies
- Regional new-build capex outlook for planned and announced storage sites by key countries and companies
- Details of major new project announcements, and stalled projects globally up to 2023

Reasons to buy
- Obtain the most up to date information available on the underground gas storage projects globally
- Identify growth segments and opportunities in the global gas storage industry
- Facilitate decision making on the basis of strong outlook of working gas capacity data
- Develop business strategies with the help of specific insights about the planned and announced gas storage projects globally
- Assess your competitor’s planned and announced gas storage sites and capacities

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