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Natural Gas Storage Market

Natural gas is a mixture of methane, higher alkanes, and other hydrocarbons. It is<br>extracted through natural reserves of oil, gas, and coal. The presence of natural gas is<br>abundant in nature, however, it is a non-renewable source of energy. it is considered a<br>clean fuel and has applications in several industries.

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Natural Gas Storage Market

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  1. Opportunity Analysis and Industry Forecast, 2016-20231 Natural Gas Storage Market by Type: Global Opportunity Analysis and Industry Forecast, 2021- 2031 • Pages: 158 Tables:128 Charts: 61

  2. Global Natural Gas Storage Market Outlook (2021 – 2031) • Top Impacting Factors: • The natural gas storage market was valued at $300.8 billion in 2021, and is estimated to reach $629.0 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031. • Natural gas is a mixture of methane, higher alkanes, and other hydrocarbons. It is extracted through natural reserves of oil, gas, and coal. • The presence of natural gas is abundant in nature, however, it is a non-renewable source of energy. • The natural gas storage market is witnessing exponential growth. With countries building and expanding storage capacities, the market is experiencing surged demand. • Pages: 158 Tables:128 Charts: 61

  3. Global Natural Gas Storage Market Outlook (2021 – 2031) • Natural gas is stored in aquifers, depleted mines, salt caverns, and others. The most used underground storage type is depleted mines • An aquifer is suitable for gas storage if the water-bearing sedimentary rock formation is overlaid with an impermeable cap rock. • Most natural gas is stored in underground storage, as it is safe and reliable. The deliverability rate of UGS is far better than above ground and other storage types. • Natural gas offers that solution and thus, directly impacts the natural gas storage market growth. • Pages: 158 Tables:128 Charts: 61

  4. Global Natural Gas Storage Market Outlook (2021 – 2031) • Key Findings of The Natural Gas Storage Market : • The natural gas storage market size is provided in terms of revenue. • Underground storage is projected to grow at the highest CAGR of approximately 7.5%, in terms of revenue, during the forecast period • The North America region dominated the natural gas storage market share by over 32.0% in 2021. • Asia-Pacific is expected to provide natural gas storage market opportunities during the forecast period. • Pages: 158 Tables:128 Charts: 61

  5. The key players profiled in the report include: • Exxon Mobil Corporation • Chevron Corporation • Total Energies SE • Gazprom PJSC • BP p.l.c. • PJSC • Rosneft Oil Company • Lukoil • Shell Plc. • Saudi Arabian Oil Co. • China National Petroleum Corporation Global Natural Gas Storage Market Outlook (2021 – 2031) • Pages: 158 Tables:128 Charts: 61

  6. Global Natural Gas Storage Market Outlook (2021 – 2031) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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