Oil and Gas Storage Global Market – Competitive Analysis
The Oil and Gas Storage Industry is anticipated to have enormous amount of developments during the forecast period, due to increased storage process and reduced oil prices. The market is also likely to have huge number growth activities by multinationals and well-established companies and countries as they are more inclined to meet the growing demands.
Market Highlights
Oil and gas are increasingly stored to meet the growing demand for energy. Oil is stored in tankers and other stationary facilities so it can be transported over vast distances and regions to meet the demand. Gas, on the other hand needs to be stored underground in facilities such as depleted oil and gas fields, salt caverns and aquifers.
As the global Oil and Gas Storage Market is increasingly witnessing a drop in oil prices, OPEC countries are increasingly storing their oil and natural gas products to make profit when the prices climb back.
The market is expected to grow at a CAGR of 3.5% during the forecast period.
Key Players
The major players operating in oil and gas storage market are
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Study Objectives of Global Oil and Gas Storage Market
Scope of the Report
This study provides an overview of the global oil and gas storage market, tracking two market segments across four geographic regions. The scope of the study segments the global oil and gas storage market by product type, by storage type and by region.
Global Oil and Gas Storage Market, By Product Type
Global Oil and Gas Storage Market, By Storage Type
Global Oil and Gas Storage Market, By Region
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