CEDIGAZ Insights - Page 2

Underground Gas Storage in the World – 2023 Status

CEDIGAZ 2023 status report on Underground Gas Storage (UGS) worldwide highlights significant developments and shifts in the global gas market.

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2022 witnessed a notable increase in UGS capacity, largely driven by the global gas crisis which emphasized the importance of storage for supply security. By the end of 2022, the working gas capacity reached 429 billion cubic meters, a 1.3% rise from the previous year, with significant contributions from China and Europe. The peak withdrawal rate also rose by 1.7%.

The storage market remains concentrated, but China’s UGS sees an accelerating growth

The storage market is largely concentrated in a few countries, with the United States, Russia, Ukraine, Canada, and Germany holding 68% of global capacities. However, there’s a growing focus on expanding storage in rapidly developing markets like China and the Middle East.

From Crisis to Cooperation: Japan’s IEA-Led LNG Stability Framework Initiative

Exclusive Preview from the CEDIGAZ Annual Survey of Global Underground Natural Gas Storage

Posted in Analysis, CEDIGAZ Insights, Underground Gas Storage on

UGS was definitely in the spotlight in 2022/23. The global gas crisis has revealed the strategic value of storage for the market, and its crucial role for security and stability of natural gas supply. The introduction of stricter regulations on natural gas (and LNG) storage is part of the set of measures introduced by governments across the world to tackle the energy crisis.

Russian gas in Europe: Yesterday, Today, Tomorrow.

Posted in Analysis, CEDIGAZ Insights, Country Report, LNG Markets, Natural Gas Market, News on

An in-depth analysis of recent developments and prospects in Europe-Russia gas relations

 With quality information from Russia getting increasingly scarce, the Russian natural gas market has become more and more of a black box. In its latest report “Russian gas in Europe: Yesterday, Today, Tomorrow. An in-depth analysis of recent developments and prospects in Europe-Russia gas relations”, CEDIGAZ tracks the unprecedented changes between glorious “yesterday” (2018-2021), gloomy “today” (2022-Q1 2023) of Russian gas (both pipeline and LNG) in Europe, including the evolution of the European countries’ dependence on Russian gas, using data still available. The report also discusses possible futures for Russian gas in Europe after 2023 (“tomorrow”) – given new inputs, including selected pipeline export routes limitations, the Turkish natural gas hub initiative, and Russian LNG project developments.