Europe underground gas storage industry analysis

Underground Gas Storage Market

Industrial sector growth coupled with rising per capita income in regions such as Vietnam and Thailand is expected to drive the demand in the region. Although the geology of aquifers is similar to depleted production fields, their use for natural gas storage usually requires more base cushion gas and allows less flexibility in injecting and withdrawing.

Figure 1 is a stylized representation of the various types of underground storage facilities. These may include natural factors such as hurricanesor malfunction of production or distribution systems. Depleted fields are known to petroleum engineers and geologists and require only modification of existing extraction and distribution infrastructure.

In order to cope with the rising demand of energy the back up for the energy resource has to be maintained. Occasionally, deliverability is expressed in terms of equivalent heat content of the gas withdrawn from the facility, most often in dekatherms per day a therm isBtu, which is roughly equivalent to cubic feet of natural gas; a dekatherm is the equivalent of about one thousand cubic feet Mcf.

Typically the period of time used is one year. High installation price coupled with critical transmission capacity restraints are anticipated to hamper market growth and challenge industry participants over the forecast period. Rapid industrialization along with growing urbanization in emerging economies of Asia Pacific and Latin America is anticipated to propel market growth significantly over the forecast period.

The report segments the market on the basis of storage type and geography. Total gas in storage: It can be thought of as the complement of the deliverability. Data from the EIA survey are tabulated and published weekly at regional and national levels.

Natural gas storage

Cavern construction is more costly than depleted field conversions when measured on the basis of dollars per thousand cubic feet of working gas capacity, but the ability to perform several withdrawal and injection cycles each year reduces the per-unit cost of each thousand cubic feet of gas injected and withdrawn.

Of course, these arrangements are subject to approval by the respective state-level regulators.

Natural Gas Storage Market

It is at its highest when the reservoir is nearly empty and declines as more gas is injected. The underground storage segment is further segmented into salt caverns, depleted reservoirs, and aquifers.

November 16, Natural gas—a colorless, odorless, gaseous hydrocarbon—may be stored in a number of different ways. Increasing natural gas usage over coal in industries owing to low cost and environmental benefits is further expected to propel the demand over the forecast period.

Salt caverns deliver high injection and withdrawal rates for the gas storage capacity. As a result, the underground storage system is expected to account for the largest share in the coming years. Further, the underground storage facilities are segmented into salt caverns formation, depleted reservoirs, and aquifers.

Figure 2 shows the U. Several economies in the world, like China, India, the United States, France, Germany, and others, are planning to increase the share of natural gas in their energy mix and driving the demand for gas storage facilities.

Aquifers are generally the least desirable and most expensive type of natural gas storage facility. Cushion gas requirements are low, typically about 33 percent of total gas capacity.

Storage Measures Several volumetric measures are used to quantify the fundamental characteristics of an underground storage facility and the gas contained within it.

These facilities are used almost exclusively to serve third-party customers who can most benefit from the characteristics of these facilities, such as marketers and electricity generators.

Balancing the flow in pipeline systems. As a result, the demand for onshore LNG storage is poised to grow.Underground storage system accounts for the largest share among gas storage facilities.

U.S. Energy Information Administration - EIA - Independent Statistics and Analysis

Depleted fields are known to petroleum engineers and geologists and require only modification of existing extraction and distribution infrastructure. Underground Natural Gas Storage by Type of Owner, Type of Owner 1, 33, Independent 74 14, Location and distribution Europe.

As of Januarythere are underground storage facilities in Europe. United Natural Gas Media — Natural Gas News and Analysis for Investment and Trading; References.

Natural Gas Storage Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

The underground gas storage industry has borrowed much of its technology from oil and gas exploration, gas distribution and ground water utilization. Underground natural gas storage consists of a wide network of pipelines, local distribution companies and producers with an inventory management mi-centre.comon: State Tower, 90 State Street, SuiteAlbany, The entire market is sub-divided in two categories, underground storage facilities and above ground storage.

Further, the underground storage facilities are segmented into salt caverns formation. Total natural gas storage capacity is the maximum volume of natural gas that can be stored in an underground storage facility in accordance with its design, which comprises the physical characteristics of the reservoir, installed equipment, and operating procedures particular to the site.

Underground Gas Storage in the World – Status Report prepared by Sylvie Cornot-Gandolphe Underground Gas Storage in the World" has been the industry's reference on underground gas storage (UGS). The updated edition includes for the first time the coverage of (CIS), the Middle East and China. In Europe, storage capacity has.

Europe underground gas storage industry analysis
Rated 5/5 based on 90 review