Global Natural Gas Storage Market: Growing Energy Security Concerns to Boost Market at 3.7% CAGR During 2015-2023
Chemically, natural gas is a colourless, odourless, and gaseous hydrocarbon. The exploration, production, and transportation of natural gas take time and hence, the storage of natural gas in underground storage facilities and in above-ground tanks is much needed. The global natural gas storage market has gained impetus from the growing demand for natural gas. In 2014, the overall market stood at 392,831.22 mcm and is estimated to reach 548,798.39 mcm by 2023, expanding at a CAGR of 3.7% during the...
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