GlobalData’s latest analysis of the global underground gas storage market shows that the US has the highest working gas storage capacity globally with 4,726 billion cubic feet (bcf). Russia and Germany follow with 2,488bcf and 1,320bcf respectively.
Currently, the US accounts for 31% of the total global working gas storage capacity. The country has 412 active gas storage terminals. The country is planning to add new capacity of 250bcf from 20 planned and announced gas storage terminals during 2018 – 2021.
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Russia has a 16% share in the global working gas storage capacity in 2018. The country has 23 active gas storage terminals. Russia is expected to add a capacity of 895bcf from 13 planned and announced gas storage terminals during the period 2018 – 2021.
Germany contributes about 8% of the total global working gas storage capacity in 2018. The country has 51 active gas storage terminals, and will add capacity of 101 bcf from seven planned and announced gas storage terminals during 2018 – 2021.
Global working gas storage capacity
Source: GlobalData Midstream Analytics
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe fourth major contributor to the global working gas storage is China with 1,231bcf, contributing about 8% of the global total in 2018. The country has eight active gas storage terminals. The country will add a capacity of 375bcf from four planned and announced gas storage terminals during 2018 – 2021.
Ukraine is the fifth largest contributor to the global working gas storage capacity with 1,212bcf in 2018, contributing about 8% of the global total. The country has 13 active gas storage terminals. Presently there are no planned and announced projects that would start operations between 2018 and 2021.
Canada accounts for 4% of the global working gas storage with 646bcf in 2018. The country has 56 active gas storage terminals. The country is expected to add a capacity of 8bcf from three planned and announced gas storage terminals up to 2021.
The Netherlands, Italy, France and Austria together account for 12% of the global working gas storage capacity with 1,899bcf in 2018. Italy, France and Austria are expected to collectively add a capacity of 284bcf from 18 planned and announced gas storage terminals during 2018 – 2021.
