Cedigaz: Global gas storage capacity to rise 48% by 2030

07/22/2013
Cedigaz, in the fifth edition of its reference report on underground gas storage, expects global gas storage capacity to increase from 377 billion cu m (bcm) at the beginning of 2013 to 557-631 bcm by 2030. The incremental growth, 180-254 bcm by 2030, requires sustained investment throughout the period, amounting to a total €120 billion by 2030. In 2030, according to Cedigaz, storage will represent 11.6% to 13.1% of global gas demand, compared with 11.3% in 2013. New storage markets (Asia and the Middle East) account for about 60% of incremental capacity through 2030. Strong growth is expected in rapidly emerging gas markets, particularly China. In these markets, storage infrastructure ha...
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