Bharat Book Bureau provides the report, on “United States Natural Gas Storage Market Forecast and Opportunities, 2020”. The market as of now comprises of primary and secondary markets for trading of natural gas in the storage, and the roles of various industry players are constantly changing. (https://www.bharatbook.com/oil-gas-market-research-reports-203074/the-natural-gas-and-lng-storage-market-2011-2021.html)
Aug 3rd 2015- Mumbai, India: Bharatbook.com announces a report on “United States Natural Gas Storage Market Forecast and Opportunities, 2020”.The increased production of natural gas coupled with the shale revolution, has resulted in decreasing the natural gas storage deficit, in turn decreasing natural gas prices
The United States natural gas storage industry is a highly fragmented and mature industry (https://www.bharatbook.com/oil-gas-market-research-reports-203074/the-natural-gas-and-lng-storage-market-2011-2021.html) . The developments in the structural pattern of the market can be attributed to the FERC Order 636. Order 636 ended the ownership of the pipeline companies and created a new segment for independent storage companies. However, competition has forced pipeline companies to come up with subsidiaries and acquire the independent storage segment, which has affected the market of independent storage companies. Additionally, the competition between interstate pipelines and LDCs has further diminished their chances of existence. The market as of now comprises of primary and secondary markets for trading of natural gas in the storage, and the roles of various industry players are constantly changing. Owing to enormous competition only the companies owning maximum storage and transportation facilities, and largest number of end users will survive. The rise of portfolio management companies hasalso contributed to the competition, since they are capable of offering a better portfolio of natural gas storage and transportation to end users
According to “United States Natural Gas Storage Market Forecast & Opportunities, 2020”, the market for underground natural gas storage in the US is projected to grow at a CAGR of around 0.87% during 2015-20. The driving force for this highly competitive market will be the shale revolution. In 2014, shale produced 37% of the total natural gas consumed by end users in the US. In addition, the electricity-generation sector and the industrial sector are estimated to grow at high rates, which will fuel the rate of natural gas consumption, restoring growth in the country’s natural gas storage market. Though residential sectors are estimated to decrease their natural gas usage, the recent drop in temperature suggests a contradictory trend. The increased production of natural gas coupled with the shale revolution, has resulted in decreasing the natural gas storage deficit, in turn decreasing natural gas prices. For the past 20 years, depleted reservoirs have been the choice of the natural gas storage industry, however, owing to high flexibility and cycle time provided by salt caverns, the market will witness their dominance over the forecast period. “United States Natural Gas Storage Market Forecast & Opportunities, 2020” discusses the following aspects of natural gas storage market in the United States:
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with natural gas storage companies in the United States. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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