United States Natural Gas Storage Industry Sector Production Rises Till 2032 | Top 5 Companies in 2025 are Gassco, Kinder Morgan, MAN Naftogaz Group, Shell, Snam SPA

DataM Intelligence has published a new research report on "Natural Gas Storage Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

According to the U.S. Energy Information Administration, in 2022, the electric power sector accounted for approximately 38% of total natural gas consumption in the U.S., with natural gas providing around 33% of the sector's primary energy.

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United States: Recent Industry Developments

✅ In October 2025, Kinder Morgan expanded its natural gas storage capacity in the Gulf Coast region, enhancing supply reliability for industrial and power-generation customers.

✅ In September 2025, Dominion Energy completed upgrades to its Cove Point LNG storage facility, increasing efficiency and reducing operational emissions.

✅ In August 2025, Chevron announced the deployment of advanced monitoring systems for underground natural gas storage sites to improve safety and leak detection.

✅ In July 2025, Williams Companies partnered with a tech provider to implement predictive maintenance and digital twin solutions for its U.S. storage infrastructure.

Japan: Recent Industry Developments

✅ In October 2025, Tokyo Gas commissioned a new high-capacity underground gas storage facility in Chiba Prefecture to support seasonal demand fluctuations.

✅ In September 2025, JERA initiated upgrades to its LNG storage terminals with enhanced cryogenic technology for safer, more efficient storage.

✅ In August 2025, Osaka Gas implemented AI-powered monitoring systems across its storage facilities to optimize gas inventory management.

✅ In July 2025, INPEX Corporation completed the expansion of its Hokkaido storage hub, improving regional gas supply security.

Key Players:

CNPC, Enbridge Inc., ENGIE Group, Gassco, Kinder Morgan, MAN Naftogaz Group, Shell, Snam SPA, TransCanada and PipeLines Limited.

Key Development:

In March 2024, Enbridge entered into a definitive agreement with WhiteWater/I Squared Capital and MPLX LP to establish a joint venture focused on developing and operating natural gas pipeline and storage assets linking Permian Basin supply to LNG and U.S. Gulf Coast demand. The joint venture will be owned 50.6% by WhiteWater/I Squared, 30.4% by MPLX, and 19% by Enbridge. It also includes a 50% stake in Waha Gas Storage, a 2.0 Bcf facility with enhanced injection and withdrawal capabilities.

In September 2023, ENGIE acquired Ixora Energy Ltd, a leading UK biomethane producer with three new production units generating 160 GWh annually. This acquisition strengthens ENGIE's position in the biomethane market as it targets commercializing 30 TWh of biomethane and 30 TWh of renewable hydrogen annually by 2030. ENGIE is committed to achieving a 100% renewable gas mix by 2050, with interim goals of producing 10 TWh of biomethane in Europe and establishing 4 GW of hydrogen production capacity via electrolysis by 2030.

The Kaliningradskoye Underground Gas Storage (UGS) facility, located in Russia's western Kaliningrad region, has been operational since 2013 and is owned by Gazprom. As Russia's first UGS, it currently has a storage capacity of 174 million cubic meters (Mcm), with plans to expand to 800 Mcm by 2025. The facility connects to the Minsk-Vilnius-Kaunas-Kaliningrad pipeline through a 26 km branch line.

Growth Forecast Projected:

The Global Natural Gas Storage Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Natural Gas Storage Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Storage Type: (UnderGround Storage, Above Ground Storage)

By Storage Capacity: (Small-Scale Storage (Up to 10 Bcf), Medium-Scale Storage (10 to 30 Bcf), Large-Scale Storage (More than 30 Bcf))

By End-User: (Residential, Commercial, Industrial)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Natural Gas Storage producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Natural Gas Storage revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Natural Gas Storage Market?

A: The Natural Gas Storage Market stood at US$ 308.87 billion in 2023 and is set to experience remarkable growth, reaching US$ 401.25 billion by 2031

Q2: How fast is the Natural Gas Storage Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 3.4% from 2025 to 2032

Q3: Which regions are dominating the Natural Gas Storage Market and which are fastest-growing?

A: North America dominating the Natural Gas Storage market.

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