DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d8c7t5/analyzing_the) has announced the addition of the "Analyzing the Global Oil & Gas Storage Industry 2012" report to their offering.
The global oil and gas storage industry is expected to experience growth in the coming future although the same cannot be said for all the markets worldwide. The current important trend in the oil and gas storage market is that as a result of increased logistics activity in the oil and gas sector due to increasing international and domestic trades, the demand for oil and gas storage capacity is witnessing a rise at the major global supply hubs. The trend is expected to continue, with the major terminal operators worldwide as the key beneficiaries. However, the supply chain operators which are relatively having less proximity from the main storage hubs are not expected to benefit substantially from the current scenario.
The global oil storage industry has seen strong growth due to the increase in oil prices over the last decade. However, oil prices have witnessed a sharp dip due to the global economic crisis. The decline in profit margins due to decreasing oil prices and highly inflated asset values will affect future storage dynamics. The existing storage terminal operators are already experiencing a severe reduction in fresh investments in the market. Regional tax policies are also likely to affect any storage investments. Therefore, new entrants into the storage industry will face tough market conditions due to low profit margins.
The rise in oil demand due to economic growth in South East Asia is likely to propel storage industry growth in the region. The lack of robust storage infrastructure in large oil consuming countries such as China is driving the oil storage industry in the region. China is one of the largest oil consumers in the world and in order to secure its future oil needs the country is increasing its crude oil storage capacity. China is building huge storage facilities to increase its oil reserve capacity and aims to set up reserves capable of meeting 90 to 100 days of domestic crude oil consumption.
Key Topics Covered:
A. Executive Summary
B. Global Gas Storage Industry
C. Impacts on the Global Gas Storage Industry
D. Global Oil Storage Industry
E. Impacts on the Global Oil Storage Industry
F. Major Industry Players
- China National Petroleum Corporation
- China Petroleum & Chemical Corporation
- Compania Logistica de Hidrocarburos CLH S.A
- Dominion Resources, Inc
- E.ON Gas Storage GmbH
- Eilat Ashkelon Pipeline Company Ltd
- Gazprom
- Japan Oil, Gas and Metals National Corporation (JOGMEC)
- KazTransGaz
- Kinder Morgan Energy Partners
- Koninklijke Vopak NV
- Korea National Oil Corporation (KNOC)
- Kuwait Oil Company
- Magellan Midstream Partners
- Niska Gas Storage Canada ULC
- NiSource Gas Transmission and Storage
- Northern Illinois Gas Company (Nicor Gas)
- NuStar Energy L.P.
- Oiltanking GmbH
- Petrochina Company Ltd.
- PT Pertamina
- Repsol YPF
- Saudi Arabian Oil Company
- Shell Petroleum Development Company of Nigeria Limited (SPDC)
- Sonatrach
- State Oil Company of Azerbaijan
- Stogit S.p.A
- Ukrtransgas
- Uzbekneftegaz
- Williston Basin Interstate Pipeline Company
For more information visit http://www.researchandmarkets.com/research/d8c7t5/analyzing_the