February 2010 Vol. 237 No. 2

Projects

Nearly 200 New Underground Storages Projects Forecast By 2015

Cedigaz, the international association focused on natural gas statistics, forecasts that nearly 200 new underground storage sites will likely be built around the world in coming years as natural gas becomes an increasingly favored fuel. As of Oct. 1, 638 underground gas storages (UGS) were in operation worldwide, representing a total working capacity of 328.9 Bcm (10.7% of global gas consumption). The U.S. has the most by far with 395 sites. Europe ranks second with 129, more than half in Germany (47), France (15), and Italy (10). The remaining UGS facilities are in the Commonwealth of Independent States (CIS), which holds 50 sites (half in Russia), and in Asia/Oceania (fiv

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