PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: TechSci Research

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

US Underground Natural Gas Storage Market to Grow at 0.87% through 2020 Forecasts TechSci Research - Consistent increase in natural gas consumption in the electricity generation and industrial sectors, and increasing production owing to the shale revolution, to drive the natural gas storage market in the United States - TechSciResearch.com
US Underground Natural Gas Storage Market to Grow at 0.87% through 2020 Forecasts TechSci Research

 

NewswireToday - /newswire/ - Burnaby, British Columbia, Canada, 2015/02/09 - Consistent increase in natural gas consumption in the electricity generation and industrial sectors, and increasing production owing to the shale revolution, to drive the natural gas storage market in the United States - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

According to a recently published TechSci Research report “United States Natural Gas Storage Market Forecast & Opportunities, 2020”, the underground natural gas storage market in the US is projected to register a CAGR of 0.87% during 2015-20, in volume terms. Although, the market has reached a state of equilibrium, a significant increase in the production owing to the shale revolution, is expected to drive growth in the market. Additionally, the natural gas consumption is continuously increasing, which would further boost the market.

United States natural gas storage market is expected to renew growth, due to increasing natural gas production and consumption. While, production is expanding owing to the shale revolution, the demand for natural gas is also rising given the increased consumption in the electricity generation industry. However, demand from various sectors has been erratic during the past few years, and it has become difficult to gauge demand for a given period. This has resulted in demand for natural gas storage facilities, in order to have access to gas as and when required.

In 2014, the total natural gas storage volume was 6.63 Tcf, which is expected to grow further during the forecast period, owing to increasing natural gas production. The rise in natural gas production is, primarily, on account of the shale reserves. The production from shale reserves served 37% of the natural gas consumption in the US in 2014. Increase in production has resulted in higher injections, narrowing the natural gas storage deficit. Although, residential sectors are estimated to decrease their natural gas usage, the lowering temperature suggests a contradictory trend.

“The demand for natural gas in the US is rising due to increasing consumption by electricity-generating and industrial sectors. In addition, the increase in production of natural gas in the country, mainly on account of shale reserves has allowed injection rates to pick up, consequently reducing the storage deficit. This trend is expected to continue over the next few years, restoring growth in the natural gas storage market in the US.” said Mr. Sanat Kumar, Research Manager with TechSci Research, a research based global management consulting firm.

“United States Natural Gas Storage Market Forecast & Opportunities, 2020” has evaluated the future growth potential of natural gas storage market in the US and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the US natural gas storage market.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


US Underground Natural Gas Storage Market to Grow at 0.87% through 2020 Forecasts TechSci Research

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Energy Most Recent Related Newswires:

GE’s First Power Services Remote Monitoring and Diagnostics Center in Asia Pacific Enables Increased Performance through Analytics
Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)