Natural gas storage involves accumulation of natural gas in several storage facilities for future consumption. The purpose of storage is to meet the fluctuating energy demand during peak and off-peak seasons. Generally, natural gas is stored during off-peak season and utilized during peak season. This will reduce the demand and supply gap and increase the reliability of supply.
TechNavio's analysts forecast the Global Natural Gas Storage market to grow at a CAGR of 5.7 percent over the period 2013-2018.
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