Global Natural Gas Storage Market Outlook to 2028

Global Natural Gas Storage Market Outlook to 2028

The rising production of natural gas coupled with increasing demand for natural gas in chemical sector, industrial sector, and transportation sector, IMO regulations, favorable government regulations, and technological advancements are the some of the significant factors driving the demand for global natural gas storage market.

However, seasonal demand, coupled with supply and demand imbalance and huge capital investment is projected to affect the growth of natural gas storage market.

The outbreak of Covid-19 leads to excess supply situation because of all time low amidst the nationwide lockdown and restriction on movement across the globe. The unavailability of storage capacity and low demand pushed natural gas prices below USD 2 MMBTU.

The Asia-Pacific countries is expected to drive the natural gas storage market during the forecast period owing to usage of natural gas as a clean-burning, and efficient fuel for variety of purposes along with global efforts for low-carbon economy.

Europe is expected to be the fastest growing market, with increasing dependency on natural gas as a fuel for power generation, favorable regulatory framework and to secure natural gas availability irrespective of supply and demand.

Blackridge's Report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the global natural gas storage market growth.

The Report will also provide a perspective on various market opportunities and threats and a detailed analysis of the global natural gas storage market's competitive landscape.
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