Analysis of the global underground gas storage market shows that the US has the highest working gas storage capacity globally with 4,726 billion cubic feet (bcf). Russia and Germany follow with 2,488 bcf and 1,320 bcf, respectively, according to GlobalData, a leading data and analytics company.
Presently, the US accounts for 31 percent of the total global working gas storage capacity. The country has 412 active gas storage terminals. The US is expected to add a capacity of 250 bcf from 20 planned and announced gas storage terminals during 2018 to 2021.
Russia has 16 percent share in the global working gas storage capacity in 2018. The country has 23 active gas storage terminals. Russia is forecast to add a capacity of 895 bcf from 13 planned and announced gas storage terminals during the period 2018 to 2021.
Germany contributes about 8 percent of the total global working gas storage capacity in 2018. The country has 51 active gas storage terminals.
The fourth major contributor to the global working gas storage is China with 1,231 bcf, contributing about 8 percent of the global total in 2018. The country has eight active gas storage terminals. China would add a capacity of 375 bcf from four planned and announced gas storage terminals during 2018 to 2021.
Ukraine is the fifth largest contributor to the global working gas storage capacity with 1,212 bcf in 2018, contributing about 8 percent of the global total. Ukraine has 13 active gas storage terminals. Presently there are no planned and announced projects that would start operations during 2018 to 2021.
Canada accounts for 4 percent of the global working gas storage with 646 bcf in 2018. The country has 56 active gas storage terminals. Canada is forecast to add a capacity of 8 bcf from three planned and announced gas storage terminals during 2018 to 2021.
The Netherlands, Italy, France and Austria account for 12 percent of the global working gas storage capacity with 1,899 bcf in 2018. Italy, France and Austria are expected to collectively add a capacity of 284 bcf from 18 planned and announced gas storage terminals during 2018 to 2021.
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