The international association for natural and renewable gases
The international association for natural and renewable gases
The international association for natural and renewable gases
The international association for natural and renewable gases
The international association for natural and renewable gases
The international association for natural and renewable gases
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Underground Gas Storage: Pillar of Global Energy Security Underground Gas Storage: Pillar of Global Energy Security

CEDIGAZ Global Underground Gas Storage 2024 survey


Amid the global gas crisis, the importance of Underground Gas Storage (UGS) has come to the forefront as a critical component in ensuring energy security and market stability. By the end of 2023, global UGS working gas capacity reached 437 billion cubic meters (bcm), marking a 2% year-on-year increase—the largest since 2015. This growth is primarily driven by significant expansions in China, along with contributions from Europe, Kazakhstan, and Canada. Key Highlights: Top Players: The United States, Russia, Ukraine, Canada, and China dominate the UGS market, holding 68% of worldwide capacities. China's rise to fifth place reflects its rapidly expanding gas market and a global shift towards high-demand regions. Future Growth...
New Report: GLOBAL BIOMETHANE MARKET - 2024 ASSESSMENT + DATABASE New Report: GLOBAL BIOMETHANE MARKET - 2024 ASSESSMENT + DATABASE

New Report: GLOBAL BIOMETHANE MARKET - 2024 ASSESSMENT + DATABASE


CEDIGAZ has just published its 2024 annual report on the global biomethane market which focuses on recent trends in global and regional biomethane markets in 2023. According to CEDIGAZ, global biomethane production expanded to 7.7 billion cubic metres (bcm) in 2022, a growth of 20% compared to 2021, driven by Europe and North America. It is estimated at 9.5 bcm in 2023, an increase of 23%. Driven by strong structural policy and market drivers, the biomethane market is poised for a huge expansion over this decade and beyond. The targets announced by regional and national governments around the world exceed 100 bcm/y by 2030. Reaching this ambitious level requires the adoption of the right policy and regulatory framework, an acceler...
New Report: East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways New Report: East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways

New Report: East Mediterranean Natural Gas Markets-2023: in Search of Development Pathways


Amidst the gas supply crisis aftermath in Europe and with global spot gas prices remaining in the double-digit range for the past years, the EastMed natural gas sector has been attracting growing attention from major producers, investors, and potential gas buyers. With vast reserves amounting to trillions of cubic meters, the EastMed countries hold the potential to bolster their own energy security and expand global gas export capabilities alleviating pressure in the tight gas market. Understanding the EastMed natural gas province is akin to navigating a complex jigsaw puzzle, involving interests of states and private companies, geopolitical considerations, and infrastructure capacities. The complexity of the economic and political landsca...
New report : UNDERGROUND GAS STORAGE IN THE WORLD - 2023 STATUS New report : UNDERGROUND GAS STORAGE IN THE WORLD - 2023 STATUS

New report : UNDERGROUND GAS STORAGE IN THE WORLD - 2023 STATUS


The CEDIGAZ 2023 report highlights significant shifts in the global gas market, with a 1.3% increase in Underground Gas Storage (UGS) capacity, driven by the global gas crisis. Major contributors include China and Europe, with a focus on expanding storage in rapidly developing markets like the Middle East. The report notes a 20% growth in UGS projects in 2022, reflecting the sector's growing importance in natural gas supply security. The global energy crisis, especially due to Russia's invasion of Ukraine, has reshaped the gas market, leading to more flexible and price-sensitive LNG trade. Governments globally are focusing more on natural gas security, introducing stricter storage regulations and strategic LNG reserves. Japan proposed an i...

The international association for natural and renewable gases

History & mission

CEDIGAZ is an international not-for-profit organization created in 1961 by corporate and institutional members with a mandate to deliver accurate market data and analyses on natural and renewable gases.