Market Highlights:-

As the global oil and gas industry is increasingly witnessing a drop in oil prices, OPEC countries are increasingly storing their oil and natural gas products to make profit when the prices climb back.  

Oil and gas storage plays a significant role in ensuring the reliability of supply to meet the demands of the oil and gas industry. Oil and gas storage containers hold liquids, compressed natural gas for short or longer term storage. The deregulation of oil and natural gas operations has made storage an important part of operations for oil and gas companies. These stored oil and natural gas are increasingly used for commercial and operational purposes and requirements by oil and gas companies to meet seasonal demands. Oil and gas are stored in the period of low demand in storage facilities and are withdrawn from storage facilities during periods of peak and high demand. The oil and gas storage market is predominantly classified as underground storage and above ground storage.

Industry Key Players:-

• TechnipFMC plc 
• Magellan Midstream Partners, L.P. 
• Amec Foster Wheeler plc
• The Vitol Group
• WorleyParsons Limited 
• Niska Gas Storage Partners LLC

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Scope of the Report:-

This study provides an overview of the global oil and gas storage market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global oil and gas storage market by product type, by storage type and by region.

• Global Oil and Gas Storage Market, By Product Type
• Oil
• Natural Gas
• Global Oil and Gas Storage Market, By Storage Type
• Underground
• Aboveground
• Global Oil and Gas Storage Market, By Region
• Europe
• North America
• Asia-Pacific
• Rest of the world

Market Research Analysis:-

Natural gas storage is expected to dominate the market in terms of product type. With gas being increasingly used for providing domestic heating in North America and Europe regions, storing gas for winter season demand is of prime importance to the countries in the region. Countries are eager to take advantage of the price drop of natural gas and are procuring it more than the required demand. This procured gas has to be stored so that it can be used again in the state of winter season demand. Natural gas is stored in underground inventory such as depleted reservoirs in oil and/or natural gas fields, aquifers, and salt cavern formations. Liquefied natural gas is stored in liquid or gaseous forms above ground.

Table Of Contents:-

 1 Executive Summary

2 Research Methodology

 3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

To be Continued.....

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Intended Audience:-

• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities 

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