Global Working Gas Storage Capacity of Gas Storage Sites to Grow by 19% from 2018 to 2022 Global Capacity and Capital Expenditure Outlook for Gas Storage Russia to Lead in Gas Storage Capacity Additions

by Sameer Joshi or 01-Jun-2018

 Global working gas storage capacity of gas storage sites is expected to grow by 19% from the current 14.9 billion cubic feet (bcf) in 2018 to around 17.8 bcf in 2022.


Among regions, the FSU is expected to lead in planned and announced working gas capacity addition globally by 2022 with around 991 bcf. Europe would follow the FSU with 727 bcf of planned and announced working gas capacity additions.

 

Among countries, Russia leads in terms of planned and announced working gas capacity additions during the period 2018–2022, with 912 bcf. China, Turkey, and Italy follow with 375 bcf, 340 bcf, and 275 bcf, respectively.

Among companies, Gazprom has the highest expected planned and announced working gas storage capacity additions of 958 bcf. The company is expected to spend capex of US$2.7 billion on planned and announced projects. China Petrochemical Corp is expected to be second highest in working gas storage capacity additions by 2022, with 367 bcf.