The total storage capacity is expected to reach 61 bcm at the end of 2025, accounting for 13.5% of the estimated 2025 gas consumption. UGS and LNG storage capacity in China (2020-2025)
Key Findings Lackluster demand growth combined with a massive wave of new export capacity is poised to send global liquefied natural gas (LNG) markets into oversupply within two years.
Sabine Pass is the largest operational LNG export terminal in the world. As of 2024, the terminal in Louisiana, United States had a nameplate capacity of 29.5 million metric tons per year. The
Ukraine''s network of underground natural gas storage facilities is one of the largest in the world. Ukraine ranks third globally in terms of capacity, following the United States and Russia, and holds the
The top three countries, Russia, Iran, and Qatar, comprise 51% of global proven natural gas reserves—3.7 quadrillion cubic feet out of an estimated 7.3 quadrillion worldwide.
Türkiye is on track to have the third-largest natural gas storage capacity in Europe, thanks to the planned expansion of storage facilities. Its strategic geographical position makes it a key
The pipeline of UGS projects has expanded by 20% in 2022 compared to the previous year, indicating a growing recognition of UGS''s role in ensuring security of natural gas supply, balancing markets, and
Bar chart showing reserves of natural gas by country (World). Country rankings derived from data obtained from the US Energy Information Administration.
Michigan has 44 natural gas storage fields with almost 1.1 trillion cubic feet of underground storage capacity, which is the most capacity of any state and almost one-eighth
China''s Initiative to Increase Underground Gas Storage Capacity Natural gas demand in China has undergone rapid growth as the country replaces high-polluting coal with cleaner burning
The largest gas storage facility in Germany is located in Rehden and belongs to the astora GmbH, a subsidiary of the Russian gas company Gazprom.
As of July 2022, we estimate that U.S. LNG liquefaction capacity averaged 11.4 Bcf/d, with a shorter-term peak capacity of 13.9 Bcf/d. International natural gas and LNG prices hit record highs in the last quarter of 2021 and
While demand for natural gas in the U.S. has grown 47% since 2013, necessary infrastructure and storage capacity has lagged. Infrastructure to deliver natural gas has only
In China, where natural gas storage capacity can meet about 12% of the country''s annual natural gas consumption, record LNG imports from August to October 2024
The global working gas capacity – 423 billion cubic meters (bcm) – remains almost unchanged compared to the previous year and is equivalent to 11% of the global gas demand. A market dominated by a few
This blog delves into the significant developments in the global gas market, highlighting the increased UGS capacity driven by the global gas crisis, regional focuses like China and the Middle East, and the
Britain''s largest gas supplier warned the country has less than a week of stored gas after a cold snap spiked heating demand. DW asks why stocks have fallen so fast and what the UK will do to stay
On the same day, Sinopec''s Tianjin LNG receiving terminal completed the phase II construction with three 220,000-cubic-meter storage tanks coming into full service. This adds
Development of gas storage business Europe''s largest capacity and gas market reform create considerable opportunities for Ukrainian UGS facilities to attract foreign customers.This
Conclusion: The top 10 companies in natural gas storage represent a diverse group of industry leaders, each with its unique strengths and contributions. Together, these companies play a pivotal role in ensuring a stable and
Countries with largest liquefied natural gas (LNG) export capacity in operation worldwide as of September 2024 (in million metric tons per year)
The United States was the world''s largest liquefied natural gas exporter in 2023, with Louisiana handling 61% of U.S. LNG exports. Louisiana''s 15 crude oil refineries account for about one-sixth of the
The largest gas storage facility in Germany is located in Rehden and belongs to the astora GmbH, a subsidiary of the Russian gas company Gazprom.
China Petroleum & Chemical Corporation has officially put China''s first and largest liquefied natural gas (LNG) storage tank of 9.5 MMscf (270,000 m3) into service at its Qingdao LNG Receiving Terminal.
Russia has the largest natural gas reserves in the world – at 1,688.228 billion cubic meters (BCM) – and exports more natural gas than any other country, shipping an estimated 175.7 billion cubic meters of gas in 2023. Natural gas for automotive use is highly encouraged in Russia.
Japan had the world's largest liquefied natural gas (LNG) storage tank capacity in 2023, at 18.7 million cubic meters. This was followed by neighboring China and South Korea, with a tank capacity at around 18.3 and 13 million cubic meters, respectively. All three countries also had the largest LNG regasification capacity.
They hold 40% more gas than Iran and nearly three times the United States. The top three countries, Russia, Iran, and Qatar, comprise 51% of global proven natural gas reserves—3.7 quadrillion cubic feet out of an estimated 7.3 quadrillion worldwide. These top three countries have remained the same since 2023.
Germany, France, Italy and the Netherlands are the countries with the largest storage capacities. Cyprus, Estonia, Finland, Greece, Ireland, Lithuania, Luxembourg, Malta and Slovenia do not have gas storage facilities.
Before 2022, Russia was the world’s largest natural gas exporter, shipping an estimated 250 billion cubic meters yearly. The World Factbook’s estimate of 47 trillion cubic meters differs from BP’s more conservative 33 trillion cubic meters assessment.
Alaska had the most significant increase in proved gas reserves in 2021, growing by 173% to 63.3 trillion cubic feet. Natural gas became the biggest source of electrical generation in the USA since July 2015. By 2023, the United States had become the world leader in natural gas production and exports.
