GlobalData’s latest report, ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage, 2021-2025 – Gazprom to Drive Global Working Gas Capacity Growth’ indicates that global working gas capacity of underground gas storage sites is expected to grow by 14%, from 16.8 trillion cubic feet (tcf) in 2021 to 19.2 tcf by 2025.
The Former Soviet Union continues to lead globally among the regions, in terms of total working gas capacity additions from planned and announced projects, contributing around 1.1 tcf. Europe and the Middle East follow with capacities of 835 billion cubic feet (bcf) and 570 bcf, respectively.
Among countries, Russia leads working gas capacity additions from planned and announced projects with 813 bcf during 2021-2025. China and Turkey follow with 561 bcf and 372 bcf, respectively.
The 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 with 406 bcf. Stepnovskoe II and Bednodemyanovskoye I, both in Russia, follow with capacities of 199 bcf and 177 bcf, respectively.