Liquids Storage Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2022-2026
Summary
Global liquids storage capacity is expected to grow by 12% during the outlook period 2022-2026, from 9,163 million barrels (mmbbl) in 2021 to 10,269 mmbbl by 2026. Among regions, Asia, the Middle East, and North America lead globally in terms of liquids storage capacity additions from new build and expansion projects, with 678 mmbbl, 181 mmbbl, and 110 mmbbl, respectively, from 2022 to 2026. China leads the global liquids storage capacity additions from new build and expansion projects with 359 mmbbl of liquids storage capacity by 2026.
Scope
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