Global Capacity and Capital Expenditure Outlook for Underground Gas Storage - Europe to Experience Intense Growth for Supply Reliability and Exports
The global underground gas storage industry is poised for substantial 21% growth over the next five years. Europe, Middle East and North America are the only three regions in the world to witness construction of new underground gas storage sites by 2019. The three regions will collectively spend about US$56 billion to build new underground gas storage facilities for stability in gas supply and to aid their exports. Regions such as Asia, Oceania and South America do not have any...
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