According to the study, ‘Global Capacity And
Capital Expenditure Outlook For Gas Storage - Russia To Lead In Gas Storage
Capacity Additions’, Russia has been a major player in the
field of oil and gas industry. Russian government and companies are investing
humongous amounts to improve their capacity for gas storage which makes them
the market leader when it comes to capital investment in the oil industry. However
due to recent trends in technological landscape, Turkey has also emerged as
major player in investments in the new build gas storage facilities. Russia is
also a major player in the field of production of oil and gas industry.
The global gas industry is expected to grow at a tremendous rate
in the future especially during the next 5 years. The share of gas in the
global energy mix has although remained unchanged since the past half a decade
which means that the total share of energy is being fulfilled by oil has
remained constant for the past 5 years. The future of the gas industry is
experienced to show high growth that shall be concentrated in only few regions.
The regions shall mainly include the European region. The rising demand for oil
industry is expected to fuel the growth of this industry.
Capital expenditure concerning gas storage implies the fixed
expenditure for instance infrastructure that needs to be constructed by
companies and organisation to store the gas that is extracted from its natural
form.In order to achieve the growth in the oil and gas industry achievement of
certain key factors is necessary. These include cost competitiveness which
involves improving cost efficiency of gas industry in comparison to other forms
of energy producing techniques such as LNG. The second key factor is safety of supply. This involves security of supply through
creating adequate network and infrastructure such that the supply of oil and
gas products can be maintained throughout. The third key factor is
sustainability. This involves adequate improvement in the technological methods
of producing oil and gas related products such that sustainability can be
achieved. Sustainability can be achieved by assuring fulfilment of current oil
and gas needs by saving the ability to meet the needs of future.
The world is currently in a transition phase and till 2030, the
demand for oil shall grow at a higher rate as compared to the demand for any
other fossil fuel. The consumption trend of oil and gas was witnessed to be the
highest in the European region which shall continue to dominate the market in
the coming years as well.
The oil and gas industry especially in the Russian region is
highly concentrated with the production being mainly led by only few of the
largest producing companies.
As the demand for oil and gas industry increases and it reached
new improved levels, so in relation to that so would the demand for capital
investment in gas storage industry would tend to increase. The capital
investments in the future concerning storage of gas and oil would only increase
in the future without witnessing a bad phase.
For
more information on the research report, refer to below link:-
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+91-9015378249
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
