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Cedigaz: Rise in global UGS capacity to be robust to 2020

04/19/2010
By Doris Leblond
Paris-based gas association Cedigaz, in its 2010 survey of global underground gas storage (UGS) capacity, noted that the number of UGS facilities has jumped to 642 from 610, with a working capacity of 333 billion cu m (bcm) in January from 319 bcm in 2006, when the previous survey was published (See table).By 2020, Cedigaz said, according to the projects identified, more than 760 UGS sites could be active worldwide with a total working capacity of 465 bcm.Cedigaz pointed to several trends that could explain the rapid global UGS development. These include:• The strong dynamics of the European UGS market, where 127 projects could add 75.7 bcm of working capacity by 2020 to the current ...
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