Pune, India -- (SBWIRE) -- 12/14/2017 -- Market Highlights

The global dependence on fossil fuels is pushing the upstream oil and gas sector to all the regions of the globe. To meet the growing demand of fossil fuel energy, oil and gas storage facilities are predominantly using underground and aboveground facilities such as salt caverns, aquifers and depleted old oil and gas reservoirs. One of the primary drivers for the market is the seasonal demand for oil and natural gas. As the easy availability of oil is coming to an end, it is necessary that oil and gas are stored to meet the growing demand of energy. The market is driven by the fact that, the unpredictable change in prices and uncertainty in the availability of crude oil and natural gases are inducing vendors to purchase high quantities of petroleum fuel and retain them at storage facilities. This will help them increase their profit margins when the prices have recovered. Furthermore, since the price of crude oil also influences the price of a lot of products such as gasoline and lubricants, its price fluctuation will drive more companies to focus on oil and gas storage.

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Market Research Analysis
Natural gas storage is expected to dominate the market in terms of product type. With gas being increasingly used for providing domestic heating in North America and Europe regions, storing gas for winter season demand is of prime importance to the countries in the region. Countries are eager to take advantage of the price drop of natural gas and are procuring it more than the required demand. This procured gas has to be stored so that it can be used again in the state of winter season demand. Natural gas is stored in underground inventory such as depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Liquefied natural gas is stored in liquid or gaseous forms above ground.

Key Players
The major players operating in oil and gas storage market are
- Royal Vopak N.V. (The Netherlands),
- TechnipFMC plc (U.K.),
- Magellan Midstream Partners, L.P. (U.S.),
- Amec Foster Wheeler plc (UK),
- The Vitol Group (The Netherlands),
- WorleyParsons Limited (Australia),
- Niska Gas Storage Partners LLC (U.S.),
- Centrica plc (U.K.)
- Chiyoda Corporation (Japan).

The market has been analyzed based on product types, storage types and regions. On the basis of product type, the global oil and gas storage market has been segmented as oil and gas storage. Based on storage type, it is further classified as underground and aboveground storage facilities.

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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis

4 Global Oil And Gas Storage Market, By Product Type
4.1 Introduction
4.2 Oil
4.3 Natural Gas
5 Global Oil And Gas Storage Market, By Storage Type
Continue……

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