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Emerging Regions Become New Gas Storage Epicenter as Mature Markets Experience Sluggish Growth
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Gas storage has been instrumental in providing natural gas in critical times. Security of supply, be it to manage harsh winters or political crises, has been the strongest driver in addition to increasing use of gas for power generation for the market. However, high capital costs and diminishing global gas prices have deterred growth considerably. Even so, the global market has grown and is likely to continue to do so during the forecast period, 2014–2018. Working gas capacity forecasts are provided for the total as well as regional markets. It provides a comprehensive insight into the market trends with a special focus on emerging hotspots, regional regulations and business ecosystems.
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