Natural Gas Storage Infrastructure

January 01, 2008

According to a new technical market research report, Natural Gas Storage Infrastructure (EGY045A) from BCC Research (www.bccresearch.com), global liquefied natural gas (LNG) and natural gas storage infrastructure spending was approximately $22.9 billion in 2005. By 2010, this market will reach nearly $31 billion, an average annual growth rate (AAGR) of 6.2%.

Underground natural gas storage (UGS) is gas transferred from its natural reservoir to other reservoirs, usually closer to market areas, where it is stored until needed to meet market demand. This sector will maintain healthy growth in working gas storage investments globally at an AAGR of 5.4% to 2010. Merchant LNG will have the highest AAGR (11.9%) through the forecast period, reaching $580 million by 2010.

Natural gas storage is a strategic component of a mature natural gas infrastructure. Natural gas is most commonly held in inventory underground under pressure in three types of facilities. These are: (1) depleted reservoirs in oil and/or gas fields, (2) aquifers, and (3) salt cavern formations. With the recent trend towards natural gas-fired electric generation, demand for natural gas during the summer months is now increasing (due to the demand for electricity to power air conditioners and the like).

Natural Gas Storage Infrastructure( EGY045A )
Publish Date: Aug 2006    

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