Market research Future Oil and Gas Storage Market Share, Size. | Page 2

Oil and gas storage market Research Report- Forecast to 2023
1 Summary
Oil and gas storage plays a significant role in ensuring the reliability of supply to meet the demands of the
oil and gas industry. Oil and gas storage containers hold liquids, compressed natural gas for short or longer
term storage. The deregulation of oil and natural gas operations has made storage an important part of
operations for oil and gas companies. These stored oil and natural gas are increasingly used for commercial
and operational purposes and requirements by oil and gas companies to meet seasonal demands. Oil and
gas are stored in the period of low demand in storage facilities and are withdrawn from storage facilities
during periods of peak and high demand. The oil and gas storage market is predominantly classified as
underground storage and above ground storage.
Key Players:
The major players operating in oil and gas storage market are Royal Vopak N.V. (The Netherlands),
TechnipFMC plc (U.K.), Magellan Midstream Partners, L.P. (U.S.), Amec Foster Wheeler plc (UK), The
Vitol Group (The Netherlands), WorleyParsons Limited (Australia), Niska Gas Storage Partners LLC
(U.S.), Centrica plc (U.K.) and Chiyoda Corporation (Japan).
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