The company’s report, Global Capacity and Capital Expenditure Outlook for underground gas storage, 2021–2025 – Gazprom to Drive Global Working Gas Capacity Growth, reveals that the FSU is expected to witness the highest capacity additions globally from planned and announced projects during the outlook period 2021 to 2025 with 1.1 trillion cubic feet (tcf).
Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments:
- Russia and Uzbekistan primarily drive working gas capacity additions in the FSU by 2025
- Both countries are building the underground gas storage sites to effectively meet domestic peak natural gas demand
- The proposed projects also help them to increase gas exports as well through pipelines
The Middle East ranks 3rd globally contributing roughly 18% of global working gas capacity additions during the outlook period.
Tuz Golu II in Turkey drives the planned working gas capacity additions in the region with 148.3 bcf by 2025.