DUBLIN, Sept. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Natural Gas Storage Market by Type, and by Geography - Global Trends & Forecasts to 2019" report to their offering.
The global natural gas storage market is projected to reach $763.60 Billion by 2019. The liquefaction and regasification market would reach $299.45 Billion and $18.88 Billion respectively while the underground storage market is expected to be $445.27 Billion by 2019.
The Americas dominated both underground and above-ground liquified natural gas storage market in 2013. In terms of underground storage capacity, Americas have the highest working gas capacity of 152.0 BCM (billion cubic meters) in 2013. Between 2014 - 2019, the region is expected to expand its capacity by 5.3 BCM to reach a total of 158.6 BCM by 2019.
In terms of above ground storage facility that includes liquefied natural gas storage , Americas have the highest liquefaction capacity in comparison to Asia-Pacific, which dominates the market in regasification capacity. Over the next five years, the global LNG requirement is expected to increase by an additional 279.7 MTPA. By 2019, the global liquefaction capacity is expected to be 704.9 MTPA.
The natural gas storage market can be classified broadly into two categories namely, underground natural gas storage and above-ground natural gas storage. In 2013, the total underground working gas capacity was 395.6 BCM and is expected to reach 458.2 BCM by 2019, because of heavy increament in storage facilities from 2014-2019.
In terms of above ground storage in 2013, the total liquefaction and regasification capacity was 403.2 MTPA and 464.9 MTPA, which is later expected to reach 704.9 MTPA and 575.5 MTPA by 2019, because of expansion in storage facilities from 2014 - 2019.
We have also profiled leading players of this industry, along with their recent developments and other strategic industry activities. Some of the key companies profiled include Foster Wheeler (U.K.), Worley Parsons (Australia), Centrica (U.K.), Niska Gas Storage (U.S.), Samsung Heavy Industries (Korea), E-on (Germany), Spectra Energy (U.S.), Chiyoda Corporation (Japan), Technip (France) and GDF SUEZ (France) among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Underground Storage Capacity, By Geography
8 Above-Ground Storage Capacity(LNG), By Geography
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Chiyoda Corporation
- Foster Wheeler
- GDF Suez
- Niska Gas Storage
- Samsung Heavy Industries
- Spectra Energy
- Worley Parsons
For more information visit http://www.researchandmarkets.com/research/5srd2f/natural_gas
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SOURCE Research and Markets