Natural gas can be stored for a longer period of time. However, exploration and production (E&P) and transportation of natural gas takes time. The natural gas that reaches the terminus (demand center) is not always needed right away, so it is stored in storage facilities.
Albany, NY -- (SBWIRE) -- 06/29/2016 -- The natural gas storage market report by Transparency Market Research provides in-depth analysis of the natural gas storage market globally. The report segments the market on the basis of storage type and geography. The report analyzes the global natural gas storage market in terms of natural gas storage volume for the 2015–2023 period. For this research study, the base year is 2014, whereas the forecast is from 2015 to 2023. The report provides a comprehensive competitive landscape and features companies engaged in the construction and operation of natural gas storage facilities. This report includes the key dynamics affecting the natural gas storage market globally. The analysis in the report provides detailed insights of the global natural gas storage market. Market dynamics such as drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report through tables. The report also provides a detailed industry analysis of global natural gas storage with the help of Porter's Five Forces model.
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The natural gas storage market has been segmented on the basis of type and geography. The natural gas storage market has been segmented by type into above-ground storage and underground storage. Underground storage has been further segmented into three sub-segments: depleted reservoirs, salt caverns, and aquifers. The natural gas storage market has been segmented geographically into four regional segments and further into 10 unique country sub-segments. The regional segments are Europe, Asia Pacific, North America, and Rest of the World. The 10 countries which have been separately addressed in this report are the U.S., Russia, Ukraine, Germany, Italy, France, China, Australia, Iran, and Argentina.
Europe held the major share of the global natural gas storage market in 2014, accounting for more than 50% of the global market share in terms of storage volume. North America was the second-largest market for natural gas storage, followed by Asia Pacific, in 2014. Rest of the World (RoW) held the fourth-largest share of the global natural gas storage market in that year.
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Underground storage facilities accounted for more than 95% share of the global natural gas storage market. Depleted reservoirs were the largest number of underground storage facilities constructed across the globe, accounting for more than 75% of total underground storage type facilities in 2014.
Some of the key market participants in the natural gas storage market include Spectra Energy Corporation, Gazprom, Niska Gas Storage Partners LLC, Chiyoda Corporation, Centrica Storage Ltd., NAFTA A.S., TransCanada Corporation, Enbridge Gas Distribution Inc., Cardinal Gas Storage Partners LLC, and Engie S.A.
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