The Market Report on Global Markets and Technologies for Natural Gas Storage
Bharat Book Bureau provides the report, on “The Market Report on Global Markets and Technologies for Natural Gas Storage” This report Depleted oil and gas reservoirs are therefore the most commonly used underground storage sites because of their wide availability and low development costs. https://www.bharatbook.com/oil-gas-market-research-reports-416471/global-technologies-natural-gas-storage.html
16th
Jan 2016 - Mumbai, India: Bharatbook.com announces a report on “The
Market Report on Global Markets and Technologies for Natural Gas
Storage”
The objective of this market research report is to provide a balanced
and detailed evaluation of the current status of the global natural
gas storage infrastructure industry.
This
report provides:
-An assessment
and quantification of the current global natural gas storage
market
-Analyses of global market trends, with data
from 2014, estimates for 2015, and projections of compound annual
growth rates (CAGRs) through 2020
-Evaluation of the future global
use of storage as a means of primary energy production
-Discussion
of important current and potential environmental regulations that may
affect the growth of this market
-Examination of pricing trends
for key North American and European wholesale gas markets
-Assessment
of the impacts of new and proposed infrastructure projects
-A
detailed patent analysis
-Profiles of the top players in the
field
INTRODUCTION
STUDY GOALS AND
OBJECTIVES
The goals of this report on the demand for natural
gas storage infrastructure are to: anticipate gas supply drivers and
trends, including technology shifts; evaluate pricing trends for key
North American and European wholesale gas markets; assess the impacts
of new and proposed infrastructure on liquefied natural gas (LNG) and
underground gas storage projects, and determine their effects on the
market; quantify the impact of new technologies, industry structure,
business trends and regulatory change; identify the key structural
and strategic factors that will drive growth and opportunity in the
LNG and natural gas storage industry to 2020; and provide details on
the various technologies involved in LNG and natural gas storage,
including the critical stages of integration, and how they relate to
the global natural gas trade and demand pattern.
The objective
of this market research report is to provide a balanced and detailed
evaluation of the current status of the global natural gas storage
infrastructure industry.
More than 98% of all LNG traded
worldwide is transported by ship. Driven by increasing global demand
and decreasing costs of natural gas, is it any wonder that LNG
storage and shipping are being thrown into the limelight? More and
more, industry players are realizing that LNG storage and shipping is
more than just an integral part of the LNG supply chain. To put it
simply, getting storage and shipping right is critical to the natural
gas industry.
The consumption of natural gas varies day-to-day
and month-to-month. Weather and the varying demands of electric power
generation translate into usage fluctuations. Seasonally the
fluctuation is as much as 50%, and short term it can be even more
variable. Exact timing, location and volume of peak demand are
unpredictable. Since natural gas is not produced in a way that
corresponds to these fluctuations, surplus gas is pumped during
slumps in usage into numerous storage facilities (underground and
LNG) for use during inevitable surges in consumption. In
international trade, LNG storage provides the vital link between gas
producers and consuming countries. This allows continuous service
even when production or pipeline transportation services cannot meet
demand.
Natural gas storage therefore is a strategic component
for a mature natural gas infrastructure. Storage is required to
accommodate daily and seasonal fluctuations in natural gas demand,
including unforeseen demand spikes, and to mitigate unplanned
interruptions in natural gas supply. Storage facilities offering high
injection and withdrawal rates are also needed to moderate short-term
volatility in natural gas prices. Storage is strategic in promoting a
reliable natural gas system. Traditionally, natural gas has been a
seasonal fuel. That is, demand for natural gas is usually higher
during the winter, partly because it is used for heat in residential
and commercial settings. Stored natural gas plays a vital role in
ensuring that any excess supply delivered during the summer months is
available to meet the increased demand of the winter months. However,
with the recent trend towards natural gas-fired electric generation,
demand for natural gas during the summer months is now increasing
(due to the demand for electricity to power air conditioners and the
like). Natural gas in storage also serves as insurance against any
unforeseen accidents, natural disasters or other occurrences that may
affect the production or delivery of natural gas.
Although
still far from being a commodity, LNG is undoubtedly emerging as an
essential vector for world gas expansion. The flexibility it offers
in terms of supply is of prime importance for future market
equilibrium. Despite a number of uncertainties and constraints liable
to thwart the realization of the most optimistic growth prospects,
the LNG trade remains wedded to rapid growth by 2020, boosting its
share of world gas trade.
CONTRIBUTION OF THE STUDY AND
INTENDED AUDIENCE
Natural gas, a colorless, odorless, gaseous
hydrocarbon, may be stored in a number of different ways. It is most
commonly held in inventory underground under pressure in three types
of facilities. These are:
depleted reservoirs in oil and/or gas fields,
aquifers, and
salt cavern formations.
Natural gas can also be stored above ground in
specially constructed cargo containment systems in liquid form (LNG),
when delivered it is stored in tanks at the liquefaction and receiving terminal, and
in tank farms that logistically can play an important role in
helping to reduce the impact of demand spikes on power
generation.
Each storage type has its own physical
characteristics (porosity, permeability, retention capability) and
economics (site preparation and maintenance costs, deliverability
rates and cycling capability), which govern its suitability to
particular applications. Two of the most important characteristics of
an underground storage reservoir or LNG tank storage are its capacity
to hold natural gas for future use and the rate at which gas
inventory can be withdrawn — its deliverability rate or send-out
capacity.
Most existing underground natural gas storage sites
in the United States, Asia and Europe are in depleted natural gas or
oil fields that are close to consumption centers. Conversion of an
oil or gas field from production to storage duty takes advantage of
existing wells, gathering systems and pipeline connections. Depleted
oil and gas reservoirs are therefore the most commonly used
underground storage sites because of their wide availability and low
development costs.
In some areas, most notably the Midwestern
United States, natural aquifers have been converted to gas storage
reservoirs. An aquifer is suitable for gas storage if the water
bearing sedimentary rock formation is overlaid with an impermeable
cap rock. While the geology of aquifers is similar to depleted oil
and gas production fields, their use in gas storage usually requires
more base (cushion) gas and greater monitoring of withdrawal and
injection performance. Deliverability rates may be enhanced by the
presence of an active water drive.
Salt caverns provide very
high withdrawal and injection rates relative to their working gas
capacity. Base gas requirements are relatively low. The large
majority of salt cavern storage facilities have been developed in
salt dome formations located in the Gulf Coast states.
There
have been efforts to use abandoned mines to store natural gas, with
at least one such facility having been in use in the United States in
the past. Further, the potential for commercial use of hard-rock
cavern storage is currently undergoing testing. None are commercially
operational as natural gas storage sites at the present time.
By
the end of the decade U.S. LNG exports will rival those of the
largest exporter (Qatar) today. Pipeline exports from the U.S. to
Canada and Mexico will be of the same magnitude as the LNG exports,
propelling the U.S. as the No. 1 or 2 natural gas-exporting country
in the world after Russia. When U.S. LNG exports are combined with
those of Qatar and Australia, an LNG global glut is inevitable by
2020, which will challenge the oil indexation as the basis of pricing
LNG. Equally and even of high importance, tolling arrangements are
the basis of a large proportion of the U.S. LNG offtake and which
does not impose a restriction on destination. From the outset,
starting in early 2016, U.S. LNG inevitably will almost serve as the
basis of a much stronger global spot market, as U.S. LNG exports
escalate to levels that can rival if not overtake Qatar as the number
one global LNG exporter.
This report biorefinery technologies
report is designed to satisfy the information required by anyone
concerned with the development of agriculture, energy and fuels,
including:
Technology management and personnel.
New
business/development management and personnel.
Merchant project
investors and developers.
Utility procurement
personnel.
Generation asset owners looking to diversify their
portfolios.
Energy market advisors.
Veteran energy
professionals.
Attorneys and counsel to the energy
industry.
Managers and directors of renewable energy.
Process
engineers.
Plant operations engineers.
Graduate
engineers.
Supervisors.
Operators.
Chemists and technicians.
SCOPE AND FORMAT
This Report expects a consistent
increase in global natural gas usage with more than 250 years of
global supply now well established, and emerging exploration
potential, especially in shale gas. analysis expects global natural
gas demand to increase by 65% from 2015 to 2030, reaching 27% of the
primary energy mix globally and within that, strong growth in LNG.
expects LNG demand to double again to reach 550 million tons by 2030.
Meeting this demand growth will require substantial investment in
developing storage infrastructure — potentially more than $1.3
trillion. Natural gas storages will ensure continued innovation and
enhance interdependency between supplier and consumer centers.
This
report is divided into eleven chapters.
Chapter One presents the introduction. The study goal
and objectives are identified and the reasons for doing the study
advanced. It also provides the contribution of the study and for
whom, the scope and format, methodology and intended audience. The
credentials of the analyst are presented and the related reports
listed.
Chapter Two presents a summary of the report, including a
summary table and figure which presents some key findings from the
study
Chapter Three presents an overview of the natural gas
storage industry. The overview describes the importance of the
natural gas storage infrastructure in relation to the overall global
energy economy, including a brief history and important indications
for the industry. Key findings from the study are presented.
Chapter
Four quantifies the demand for underground natural gas storage by
type including aquifers, cavern, and depleted oil and gas fields.
These products are each quantified with global and regional forecasts
made up to 2020.
Chapter Five quantifies the demand for
above ground natural gas storage by type including LNG tanker,
merchant LNG and compressed natural gas. These products are each
quantified with global and regional forecasts made up to
2020.
Chapter Six presents the demand for natural gas
storage by application such as international LNG trade, seasonal
balancing, system optimization and security of supply, arbitrage,
transit backup and direct end-users and merchant LNG (now
increasingly being used in heavy-duty vehicle transportation) and
peak shaving. These are quantified with global and regional forecasts
made to 2020.
Chapter Seven presents the demand for natural
gas storage infrastructure by technology covering a detailed analysis
of the containment systems. It assesses and evaluates the containment
technology by type with global and regional breakdown and forecasts
to 2020. An evaluation of the demand for natural gas storage
intensity by type of storage technology is presented. The natural gas
storage industry giants are identified and their market shares
presented. The technology developments by industry giants are
assessed, including company expertise and know-how, and leaders in
research and development are also profiled.
Chapter Eight
analyzes the international scene and quantifies global energy demand,
population growth, natural gas reserves, production and consumption.
It quantifies the growth of unconventional gas production, the price
of natural gas and crude oil and looks at the shifts in major metals
prices.
Chapter Nine analyzes the structure of the storage
industry, including the driving forces of the industry. Important
strategies for staying competitive and important shifts in the
industry are assessed. Trade practices of the industry and business
and the impact of storage on the petroleum and power industries are
discussed. Concentration factors, valorization, and company market
shares are presented. Other aspects covered in this section include
competition and market segmentation/fragmentation.
Chapter Ten
discusses the government environmental/energy regulation scene as it
applies to natural gas storage infrastructure and business. The
report also describes the environmental regulatory changes and
agencies involved, including industry compliance and quantification
of economic effects.
Chapter Eleven presents company
profiles of more than 100 companies involved in the natural gas
storage infrastructure, and business are profiled with highlights of
their major activities in the storage business including the company
name, telephone number, fax number, and contact name and
number.
INFORMATION SOURCES
Information sources
include trade data (national and international), company publicity
literature, conference reports, world trade technical journals and
interviews with company representatives.
For more information kindly visit: https://www.bharatbook.com/oil-gas-market-research-reports-416471/global-technologies-natural-gas-storage.html
Related report: https://www.bharatbook.com/energy-utility-market-research-report/oil-gas.html
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