Europe to Boost Gas Storage as It Seek Diversification
This article is for subscribers only.
Europe is set to boost natural gas storage capacity in the coming years as markets liberalize and nations seek to reduce reliance on Russian fuel, according to the International Center for Natural Gas Information.
There are currently 44 billion cubic meters (1.6 trillion cubic feet) of storage sites being built or expanded globally, 50 percent of which are in Europe, Cedigaz, as the Paris-based center is known, said by e-mail. The region plans 55 billion cubic meters more, or 59 percent of proposed global capacity.