The latest analytical report from Global Data, Global Capacity and Capital Expenditure Outlook for Underground Gas Storage, 2020−2024 – Russia Leads Global Working Gas Capacity Additions, suggests that the global working gas storage capacity of underground gas storage sites is expected to grow by nearly 18% from the current active capacity of 15.8 trillion cubic feet (tcf) in 2020 to approximately 18.6 tcf by 2024.
Among regions, the Former Soviet Union (FSU), Europe and the Middle East lead globally in terms of working gas capacity additions from planned and announced gas storage projects with capacities of 899 billion cubic feet (bcf), 805 bcf and 492 bcf respectively.
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Among countries, Russia leads the working gas capacity additions from planned and announced projects with 585 bcf during 2020–2024. China and Turkey follow with 473 bcf and 372 bcf respectively.
Planned and Announced Working Gas Storage Capacity by Key Countries, 2020–2024 (bcf)
Among companies, Gazprom, Uzbekneftegaz National Holding Co and China National Petroleum Corp lead globally with working gas storage capacities of 883 bcf, 247 bcf and 241 bcf respectively from planned and announced projects during the period 2020–2024.
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By GlobalDataThe Liaohelei 61 gas storage project in China leads globally in terms of working gas capacity among the planned and announced gas storage projects during the outlook period 2020–2024 with 406 bcf. Gazli II and Stepnovskoe II of Uzbekistan and Russia follow with capacities of 247 bcf and 199 bcf respectively.
