Key UGS metrics in the world remained virtually unchanged in 2021
Seven new storage facilities were commissioned, six of which were in China and one in Sharjah. These new capacities were largely offset by declines in the main storage markets. Overall, the global number of storage facilities, working gas capacity and peak withdrawal rates remained virtually unchanged year-on-year.
… but interest in UGS is growing, as evidenced by a growing pipeline of new projects and expansions totalling 133 bcm of working capacity
While the UGS market remains highly concentrated, with 5 countries (United States, Russia, Ukraine, Canada and Germany) accounting for almost 70% of global storage capacities, there is a clear shift of storage activity towards new, fast growing gas markets, China and the Middle East notably.
The International Association CEDIGAZ has just released its National Hydrogen Report: “The Netherlands to become the foremost North-Western European hydrogen hub”, which provides detailed information on the Dutch hydrogen policy as well as market and project developments on both the demand and supply sides. It emphasizes that the Netherlands is now among European frontrunners in the new hydrogen economy and is well positioned to become a European gateway for global clean hydrogen.
The International Association Cedigaz has just released its hydrogen report: “The United States of America enters the global clean hydrogen race”, which assesses market developments, policies and prospects of the hydrogen industry in the United States. The report also provides data on US clean hydrogen production projects.
Although late in adopting clean hydrogen and lagging behind other major nations in defining a national strategy, the United States has prepared the groundwork for several years and is well positioned to become a global leader in clean hydrogen. The US Government is determined to lead the race in the global clean hydrogen market.