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Global Underground Natural Gas Storage Market Report 2024

Underground Natural Gas Storage Global Market Report 2024 – By Type (Depleted Gas Reservoir, Salt Caverns, Aquifers, Other Types), By Product (Natural Gas, Hydrogen, Other Products), By Application (Residential, Commercial, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Underground Natural Gas Storage Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : November 2024 | Delivery Time: 2-3 business days | Format : pdf

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Underground Natural Gas Storage Market Definition

Underground natural gas storage facilities store large quantities of natural gas, which can be withdrawn and distributed during periods of high demand. These facilities stabilize natural gas prices by mitigating sudden spikes in demand or supply shortages. By releasing stored gas during high-demand periods, they help maintain a steady market supply and control price volatility.

The main types of underground natural gas storage are depleted gas reservoirs, salt caverns, aquifers, and others. Depleted gas reservoirs are repurposed old gas fields, emptied of their original gas, and used for storing new gas due to their proven capacity and geological stability. They stored various products, such as natural gas, hydrogen, and others, for several applications, including residential, commercial, and others.

Underground Natural Gas Storage Market Segmentation

The underground natural gas storage market covered in this report is segmented –

1) By Type: Depleted Gas Reservoir, Salt Caverns, Aquifers, Other Types

2) By Product: Natural Gas, Hydrogen, Other Products

3) By Application: Residential, Commercial, Other Applications

Global Underground Natural Gas Storage Market Size 2023 to 2028: Graph

Underground Natural Gas Storage Market Size 2024 And Growth Rate

The underground natural gas storage market size has grown strongly in recent years. It will grow from $306.46 billion in 2023 to $322.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to expansion of natural gas infrastructure, rapid urbanization, and population growth, growth of liquefied natural gas trade, and increasing investment from both public and private sectors.

Underground Natural Gas Storage Market Growth Forecast

The underground natural gas storage market size is expected to see strong growth in the next few years. It will grow to $395.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing energy consumption, expansion of renewable energy sources, growth of liquefied natural gas (LNG) exports and imports, emergency preparedness, and resilience. Major trends in the forecast period include improved cavern construction techniques and better monitoring systems, expanding and upgrading storage facilities, integration with renewable energy, increasing emphasis on improving the safety and environmental impact, and adoption of digital technologies.

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Underground Natural Gas Storage Market Driver: Rising Natural Gas Production Boosts The Underground Natural Gas Storage Market Growth

The increasing production of natural gas is expected to propel the growth of the underground natural gas storage market going forward. Natural gas is mainly made up of methane (CH4), with trace amounts of other hydrocarbons such as ethane, propane, and butane, which are considered cleaner alternatives to other fossil fuels. The demand for natural gas is rising due to several factors, such as the transition to cleaner energy, industrialization, and energy security. Underground storage manages natural gas fluctuations by storing excess gas during low-demand periods and withdrawing it during peaks, ensuring a stable supply and pricing. It also supports grid stability and renewable energy integration by providing backup when renewable generation is low. For instance, in September 2024, the Energy Information Administration (EIA), a US-based government administration, reported that US dry natural gas production in 2023 reached 37.8 trillion cubic feet (Tcf), or 103.6 billion cubic feet per day (Bcf/d), a 4.3% increase from the 2022 level of 99.3 Bcf/d. Therefore, the increasing production of natural gas will drive the underground natural gas storage market.

Global Underground Natural Gas Storage Market Major Players

Major companies operating in the underground natural gas storage market are Exxon Mobil Corporation, Equinor ASA, Uniper Energy Storage GmbH, Gazprom, Enbridge Inc., Southern Company, ONEOK Inc., Targa Resources Corp., DTE Energy, Sempra, TC Energy Corporation, The Williams Companies Inc., EnLink Midstream LLC, NiSource Inc., Weatherford International, Atmos Energy, Naftogaz Group, National Fuel Gas Company, Hess Midstream LP, NAFTA a. s., Texas Brine Company LLC< /b>

Global Underground Natural Gas Storage Market Trend: Advanced Solutions In Hydrogen Storage For Enhanced Energy Security And Reduced Carbon Emissions

Major companies operating in the underground natural gas storage market are focused on developing advanced solutions, such as the hydrogen storage salt caverns initiative, to enhance energy security and reduce carbon emissions. The hydrogen storage salt caverns initiative focuses on utilizing the unique features of salt deposits to securely and efficiently store hydrogen. For instance, in March 2024, the European Consortium, a UK-based association formed by 17 partners and coordinated by Storengy, a UK-based natural gas storage company, launched the FrHyGe project. This project, funded by the European Union's Clean Hydrogen Partnership, intends to validate subterranean hydrogen storage in salt caverns on an industrial scale. The budget is €43 million ($46.91 million). It aims to build an industrial prototype in Manosque, France, and investigate replicability in Harsefeld, Germany, with potential applications throughout Europe. The objectives of this project include converting natural gas or brine salt caverns into hydrogen storage facilities, demonstrating the ability to inject and withdraw 100 metric tons of hydrogen over cycles ranging from one hour to one week, investigating market penetration and supply chains, and planning for replication at other European sites. Furthermore, it will assess environmental implications, safety criteria, and laws in advance of deployment on the GeoH2 (Manosque) and SaltHy (Harsefeld) projects.

Underground Natural Gas Storage Market Merger And Acquisition: Williams Acquired Natural Gas Storage Assets From Hartree Partners Expands Its Portfolio

In January 2024, Williams, a US-based oil and gas company, acquired a portfolio of natural gas storage assets from Hartree Partners LP for $1.95 billion. Through this acquisition, Williams purchased six underground storage facilities in Louisiana and Mississippi with a combined capacity of 115 billion cubic feet (Bcf), as well as 230 miles of gas transmission pipelines and 30 pipeline interconnects, connecting to key markets including LNG and Transco. Hartree Partners LP is a US-based company specializing in underground natural gas storage facilities.

Regional Insights For The Global Underground Natural Gas Storage Market

Europe was the largest region in the underground natural gas market in 2023. The regions covered in the underground natural gas storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the underground natural gas storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The underground natural gas storage market consists of revenues earned by entities by providing services such as seasonal supply balancing, operational flexibility, strategic reserve, and emergency backup. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The underground natural gas storage market research report is one of a series of new reports from The Business Research Company that provides underground natural gas storage market statistics, including underground natural gas storage industry global market size, regional shares, competitors with an underground natural gas storage market share, detailed underground natural gas storage market segments, market trends, and opportunities, and any further data you may need to thrive in the underground natural gas storage industry. This underground natural gas storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Underground Natural Gas Storage Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $ 11.6 Billion
Revenue Forecast In 2033 $ 37.61 Billion
Growth Rate CAGR of 34.20% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Depleted Gas Reservoir, Salt Caverns, Aquifers, Other Types
2) By Product: Natural Gas, Hydrogen, Other Products
3) By Application: Residential, Commercial, Other Applications
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Exxon Mobil Corporation, Equinor ASA, Uniper Energy Storage GmbH, Gazprom, Enbridge Inc., Southern Company, ONEOK Inc., Targa Resources Corp., DTE Energy, Sempra, TC Energy Corporation, The Williams Companies Inc., EnLink Midstream LLC, NiSource Inc., Weatherford International, Atmos Energy, Naftogaz Group, National Fuel Gas Company, Hess Midstream LP, NAFTA a. s., Texas Brine Company LLC
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Underground Natural Gas Storage Market Characteristics

    3. Underground Natural Gas Storage Market Trends And Strategies

    4. Underground Natural Gas Storage Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Underground Natural Gas Storage Market Size and Growth

    5.1. Global Underground Natural Gas Storage Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Underground Natural Gas Storage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Underground Natural Gas Storage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Underground Natural Gas Storage Market Segmentation

    6.1. Global Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Depleted Gas Reservoir

    Salt Caverns

    Aquifers

    Other Types

    6.2. Global Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Natural Gas

    Hydrogen

    Other Products

    6.3. Global Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Residential

    Commercial

    Other Applications

    7. Underground Natural Gas Storage Market Regional And Country Analysis

    7.1. Global Underground Natural Gas Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Underground Natural Gas Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Underground Natural Gas Storage Market

    8.1. Asia-Pacific Underground Natural Gas Storage Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Underground Natural Gas Storage Market

    9.1. China Underground Natural Gas Storage Market Overview

    9.2. China Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Underground Natural Gas Storage Market

    10.1. India Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Underground Natural Gas Storage Market

    11.1. Japan Underground Natural Gas Storage Market Overview

    11.2. Japan Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Underground Natural Gas Storage Market

    12.1. Australia Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Underground Natural Gas Storage Market

    13.1. Indonesia Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Underground Natural Gas Storage Market

    14.1. South Korea Underground Natural Gas Storage Market Overview

    14.2. South Korea Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Underground Natural Gas Storage Market

    15.1. Western Europe Underground Natural Gas Storage Market Overview

    15.2. Western Europe Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Underground Natural Gas Storage Market

    16.1. UK Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Underground Natural Gas Storage Market

    17.1. Germany Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Underground Natural Gas Storage Market

    18.1. France Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Underground Natural Gas Storage Market

    19.1. Italy Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Underground Natural Gas Storage Market

    20.1. Spain Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Underground Natural Gas Storage Market

    21.1. Eastern Europe Underground Natural Gas Storage Market Overview

    21.2. Eastern Europe Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Underground Natural Gas Storage Market

    22.1. Russia Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Underground Natural Gas Storage Market

    23.1. North America Underground Natural Gas Storage Market Overview

    23.2. North America Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Underground Natural Gas Storage Market

    24.1. USA Underground Natural Gas Storage Market Overview

    24.2. USA Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Underground Natural Gas Storage Market

    25.1. Canada Underground Natural Gas Storage Market Overview

    25.2. Canada Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Underground Natural Gas Storage Market

    26.1. South America Underground Natural Gas Storage Market Overview

    26.2. South America Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Underground Natural Gas Storage Market

    27.1. Brazil Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Underground Natural Gas Storage Market

    28.1. Middle East Underground Natural Gas Storage Market Overview

    28.2. Middle East Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Underground Natural Gas Storage Market

    29.1. Africa Underground Natural Gas Storage Market Overview

    29.2. Africa Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Underground Natural Gas Storage Market Competitive Landscape And Company Profiles

    30.1. Underground Natural Gas Storage Market Competitive Landscape

    30.2. Underground Natural Gas Storage Market Company Profiles

    30.2.1. Exxon Mobil Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Equinor ASA

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Uniper Energy Storage GmbH

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Gazprom

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Enbridge Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Underground Natural Gas Storage Market Other Major And Innovative Companies

    31.1. Southern Company

    31.2. ONEOK Inc.

    31.3. Targa Resources Corp.

    31.4. DTE Energy

    31.5. Sempra

    31.6. TC Energy Corporation

    31.7. The Williams Companies Inc.

    31.8. EnLink Midstream LLC

    31.9. NiSource Inc.

    31.10. Weatherford International

    31.11. Atmos Energy

    31.12. Naftogaz Group

    31.13. National Fuel Gas Company

    31.14. Hess Midstream LP

    31.15. NAFTA a. s.

    32. Global Underground Natural Gas Storage Market Competitive Benchmarking

    33. Global Underground Natural Gas Storage Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Underground Natural Gas Storage Market

    35. Underground Natural Gas Storage Market Future Outlook and Potential Analysis

    35.1 Underground Natural Gas Storage Market In 2028 - Countries Offering Most New Opportunities

    35.2 Underground Natural Gas Storage Market In 2028 - Segments Offering Most New Opportunities

    35.3 Underground Natural Gas Storage Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Underground Natural Gas Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Underground Natural Gas Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Exxon Mobil Corporation Financial Performance
  • Figure 75: Equinor ASA Financial Performance
  • Figure 76: Uniper Energy Storage GmbH Financial Performance
  • Figure 77: Gazprom Financial Performance
  • Figure 78: Enbridge Inc. Financial Performance

List Of Figures

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Underground Natural Gas Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Underground Natural Gas Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Underground Natural Gas Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Underground Natural Gas Storage Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Underground Natural Gas Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Exxon Mobil Corporation Financial Performance
  • Table 75: Equinor ASA Financial Performance
  • Table 76: Uniper Energy Storage GmbH Financial Performance
  • Table 77: Gazprom Financial Performance
  • Table 78: Enbridge Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the underground natural gas storage market?

Underground natural gas storage facilities store large quantities of natural gas, which can be withdrawn and distributed during periods of high demand. These facilities stabilize natural gas prices by mitigating sudden spikes in demand or supply shortages. By releasing stored gas during high-demand periods, they help maintain a steady market supply and control price volatility. For further insights on the underground natural gas storage market, request a sample here

How will the underground natural gas storage market drivers and restraints affect the underground natural gas storage market dynamics? What forces will shape the underground natural gas storage industry going forward?

The underground natural gas storage market major growth driver - Rising Natural Gas Production Boosts The Underground Natural Gas Storage Market Growth. For further insights on the underground natural gas storage market, request a sample here

What is the forecast market size or the forecast market value of the underground natural gas storage market?

The underground natural gas storage market size has grown strongly in recent years. It will grow from $306.46 billion in 2023 to $322.13 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to expansion of natural gas infrastructure, rapid urbanization, and population growth, growth of liquefied natural gas trade, and increasing investment from both public and private sectors. The underground natural gas storage market size is expected to see strong growth in the next few years. It will grow to $395.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing energy consumption, expansion of renewable energy sources, growth of liquefied natural gas (LNG) exports and imports, emergency preparedness, and resilience. Major trends in the forecast period include improved cavern construction techniques and better monitoring systems, expanding and upgrading storage facilities, integration with renewable energy, increasing emphasis on improving the safety and environmental impact, and adoption of digital technologies. For further insights on the underground natural gas storage market, request a sample here

How is the underground natural gas storage market segmented?

The underground natural gas storage market is segmented
1) By Type: Depleted Gas Reservoir, Salt Caverns, Aquifers, Other Types
2) By Product: Natural Gas, Hydrogen, Other Products
3) By Application: Residential, Commercial, Other Applications For further insights on the underground natural gas storage market, request a sample here

Which region has the largest share of the underground natural gas storage market? What are the other regions covered in the report?

Europe was the largest region in the underground natural gas market in 2023. The regions covered in the underground natural gas storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the underground natural gas storage market, request a sample here.

Who are the major players in the underground natural gas storage market?

Major companies operating in the underground natural gas storage market are Exxon Mobil Corporation, Equinor ASA, Uniper Energy Storage GmbH, Gazprom, Enbridge Inc., Southern Company, ONEOK Inc., Targa Resources Corp., DTE Energy, Sempra, TC Energy Corporation, The Williams Companies Inc., EnLink Midstream LLC, NiSource Inc., Weatherford International, Atmos Energy, Naftogaz Group, National Fuel Gas Company, Hess Midstream LP, NAFTA a. s., Texas Brine Company LLC For further insights on the underground natural gas storage market, request a sample here.

What are the key trends in the underground natural gas storage market?

Major trend in the underground natural gas storage market - Advanced Solutions In Hydrogen Storage For Enhanced Energy Security And Reduced Carbon Emissions. For further insights on the underground natural gas storage market, request a sample here.

What are the major opportunities in the underground natural gas storage market? What are the strategies for the underground natural gas storage market?

For detailed insights on the major opportunities and strategies in the underground natural gas storage market, request a sample here.

How does the underground natural gas storage market relate to the overall economy and other similar markets?

For detailed insights on underground natural gas storage market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the underground natural gas storage industry?

For detailed insights on the mergers and acquisitions in the underground natural gas storage industry, request a sample here.

What are the key dynamics influencing the underground natural gas storage market growth? SWOT analysis of the underground natural gas storage market.

For detailed insights on the key dynamics influencing the underground natural gas storage market growth and SWOT analysis of the underground natural gas storage industry, request a sample here.