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GLOBAL HYDROGEN MARKET – 2025 ASSESSMENT

Recent trends and prospects

Posted in Biogas – Biomethane – Green Gas, Hydrogen on

CEDIGAZ has recently published its annual survey on the global hydrogen market along with comprehensive databases on low-emission hydrogen production projects worldwide. The report tracks recent policy and market developments of the global low-emission hydrogen sector. It also focuses on project development and medium-term supply prospects.

The hydrogen industry is at a pivotal stage, with significant progress made in investments, policy support, and project development. However, the market remains in its infancy, with substantial challenges in cost, infrastructure, and demand uptake. The next five years will be critical for scaling hydrogen production and establishing a global market. Stronger policies, international collaboration, and technological advancements are essential to unlock hydrogen’s full potential as a cornerstone of the energy transition.

The Golden Age of China’s gas storage

An exerpt from the Undergound Gas Storage in the World 2024 report

Posted in CEDIGAZ Insights, Underground Gas Storage on

China adopted a new gas storage policy in 2018, mandating minimum stock levels for market participants. The government requires gas suppliers, urban gas distributors, and local governments to have storage capacity equal to 10%, 5%, and 3 days of their annual sales/demand. In 2021, the government issued an implementation plan to accelerate the construction of storage capacity (both underground gas storage (UGS) and liquefied natural gas (LNG) reserves). The plan requires that the total gas storage capacity reaches 55 billion cubic meters (bcm) to 60 bcm in 2025, representing around 13% of the expected natural gas demand. In addition, since the global energy crisis, the new watchword has been to “store as much as possible”. These policies have triggered massive development in gas storage, both in UGS and LNG storage tanks.

Underground Gas Storage: Pillar of Global Energy Security

Highlights from the CEDIGAZ Global Underground Gas Storage 2024 survey

Posted in CEDIGAZ Insights, Underground Gas Storage on

In an era marked by fluctuating energy markets and geopolitical tensions, the importance of underground gas storage (UGS) has never been more pronounced. As the backbone of global gas security, UGS facilities play a critical role in balancing supply and demand, mitigating price volatility, and ensuring a stable energy supply during peak consumption periods. The recent global gas crisis has thrust UGS into the spotlight, prompting accelerated growth and renewed investment in this vital infrastructure.

Accelerated Growth of Underground Gas Storage

By the end of 2023, the global working gas capacity of UGS reached 437 billion cubic meters (bcm), a 2% year-on-year increase—the largest since 2015. This surge is primarily due to significant capacity expansions in China, with additional contributions from Europe, Kazakhstan, and Canada. The number of operational UGS facilities globally stood at 681, with China commissioning five new facilities and Saudi Arabia adding its first. The global peak withdrawal rate also increased by 1.6% to 7,516 million cubic meters per day (mcm/d).

Evolution of Global Working Gas Capacity (2023-2024)

Evolution of Global Working Gas Capacity (2023-2024)

Source: CEDIGAZ – Country indicators database, UGS database