Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home Infrastructure

Gas storage market trends in 2021 and 2022 – Key takeaways

Editor by Editor
1 month ago
min read2 min
Gas storage market trends in 2021 and 2022 – Key takeaways
Share on FacebookShare on TwitterShare on Linkedin

Russia’s invasion of Ukraine is reshaping global gas markets and putting security of supply at the top of gas importing countries’ agenda.

RELATED POSTS

European LNG imports rise to over 111 Million tonnes

European LNG imports rise to over 111 Million tonnes

1 month ago
The economics of the Lubmin FSRU project

The economics of the Lubmin FSRU project

1 month ago
spot-gas-markets

Europe’s exposure to spot gas markets set to grow drastically

3 months ago

Europe: gas storage essential for security of supply and market resilience

New EU regulation requires that stocks levels are filled ahead of winter, at least at 80% by 1 November 2022, and 90% the subsequent winters.

Increased supply of LNG, mainly from the US, and gas by pipeline from Norway and Azerbaijan, together with demand reduction, have enabled Europe to fill its stocks at 95% of their maximum working gas capacity on 1 November 2022.

European countries are reopening storage facilities (Rough in the UK) and investing in UGS expansion (Poland).

Despite difficult conditions, Ukraine has filled its UGS

Russia: Reduced exports led to fast replenishment of gas stocks

Pivot to the East strategy requires a significant development of the gas transmission and UGS facilities.

But China may not want to rely too heavily on a supplier that has shown a willingness to use gas as a political weapon.

US growing demand and exports lead to lower stock levels

Growing LNG exports and rising domestic consumption have led to lower stock levels all along 2022, putting pressure on the HH price.

Higher injection rates in September and October 2022 have reduced the storage deficit, reducing spot prices. This trend is expected to continue after winter2022/23.

China: Significant increase in storage capacity

The global gas crisis has reinforced the acceleration of UGS construction with significant increases in working gas capacity in 2021 and 2022. Working gas capacity totalled more than 20 bcm at the end October of 2022.

Total gas storage capacity is expected to reach 55 bcm to 60 bcm in 2025 (of which 32 bcm of working gas capacity in UGS), accounting for around 13% of expected natural gas demand.

Source: Cedigaz

Central and South America advances UGS projects

Brazil is building the first UGSs in the country, while Mexico has revived its previous gas storage policy, including the building of strategic storage of natural gas.

The Middle East is expanding its storage market

The storage market is expanding in the Middle East.

Sharjah opened the second UGS facility of the Emirates at the beginning of 2021 (Moveyeid gas storage).

Saudi Arabia is building its first UGS facility, the Hawiyah Unayzah Gas Reservoir Storage (HUGRS).

Source: Cedigaz

Tags: Cedigazgas storage marketunderground gas storage
Editor

Editor

Related Posts

European LNG imports rise to over 111 Million tonnes
Infrastructure

European LNG imports rise to over 111 Million tonnes

1 month ago
The economics of the Lubmin FSRU project
Infrastructure

The economics of the Lubmin FSRU project

1 month ago
spot-gas-markets
Infrastructure

Europe’s exposure to spot gas markets set to grow drastically

3 months ago
Delay in Freeport LNG export terminal restart modestly sinks NYMEX gas futures
Infrastructure

Delay in Freeport LNG export terminal restart modestly sinks NYMEX gas futures

6 months ago
Freeport-LNG
Infrastructure

Freeport LNG Restart Delayed to Late November 2022

6 months ago
TTF gas prices surge above €225 / MWh
Infrastructure

TTF gas prices surge above €225 / MWh

6 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Weekly trend of natural gas and LNG prices – February 06

Weekly trend of natural gas and LNG prices – February 06

1 day ago
Global gas price correlation remains strong

Global gas price correlation remains strong

2 weeks ago
Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

2 weeks ago
Load More

Recent Post

Weekly trend of natural gas and LNG prices – February 06

Weekly trend of natural gas and LNG prices – February 06

1 day ago
Feedgas flows to Freeport LNG surge ahead

Feedgas flows to Freeport LNG surge ahead

3 days ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 30

6 days ago
Natural gas prices down by over 40% across key gas markets

Natural gas prices down by over 40% across key gas markets

6 days ago
Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

2 weeks ago
Global gas price correlation remains strong

Global gas price correlation remains strong

2 weeks ago
Load More

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Weekly trend of natural gas and LNG prices – February 06

Feedgas flows to Freeport LNG surge ahead

Weekly trend of natural gas and LNG prices – January 30

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?