Oil and Gas Storage global market

Oil and Gas Storage global market

Global Oil and Gas Storage Market Research Report 2025

This report on the global oil and gas storage market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regional p

Pages: 210

Format: PDF

Date: 12-2025

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Global Oil and Gas Storage Market Report (2025–2035)

Market Outlook

Chem Reports projects that the Oil and Gas Storage Market was valued at USD xxxx million in 2024 and is expected to reach USD xxxx million by 2035, growing at a CAGR of xx% globally.

Global Market Overview

The Global Oil and Gas Storage Market Report 2020 provides an extensive analysis of industry development drivers, patterns, flows, and market size. Historical and present values are assessed to forecast market performance through 2025–2035. The study integrates both primary and secondary data sources, examining:

  • Government policies and regulatory environment
  • Competitive landscape and market structure
  • Historical data and current market trends
  • Technological innovation and upcoming advancements
  • Industry progress in related sectors

Impact of COVID-19

The outbreak of COVID-19 in late 2019 disrupted global supply chains and energy demand. The Oil and Gas Storage market experienced significant challenges in 2020, with long-term effects on production, distribution, and consumption trends across crude oil and natural gas storage facilities.

Market Segmentation

By Type

  • Large Tanks
  • Underground and Above Ground Storage Facilities
  • Sea Tankers

By Application

  • Crude Oil
  • Natural Gas

Regional Analysis

  • North America (U.S., Canada, Mexico): Mature market with strong demand in crude oil storage and pipeline-connected facilities.
  • Europe (Germany, U.K., France, Italy, Spain, Russia): Stable demand, shaped by energy transition policies and strategic reserves.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Fastest-growing region, driven by industrial expansion, rising energy consumption, and strategic storage investments.
  • South America (Brazil, Argentina): Emerging opportunities in crude oil storage and export infrastructure.
  • Middle East & Africa (Saudi Arabia, South Africa): Growing demand supported by large-scale crude reserves and export-oriented storage facilities.

Key Players

  • Amec Foster Wheeler
  • Royal Vopak
  • TechnipFMC
  • Vitol
  • Magellan Midstream Partners
  • CIM-CCMP
  • CLH
  • WorleyParsons
  • Blueknight Energy Partners
  • Buckeye Partners
  • Centrica
  • Chiyoda Corporation
  • Odfjell
  • Oiltanking GmbH
  • Ramboll
  • DaLian Port (PDA) Company
  • Horizon Terminals
  • Kinder Morgan
  • NuStar Energy
  • Additional Notable Players: Saudi Aramco Terminals, PetroChina Storage, Shell Midstream, ExxonMobil Storage Solutions

Regional Analysis

  • North America (U.S., Canada, Mexico): Mature market with strong demand in crude oil storage, pipeline-connected facilities, and strategic reserves.
  • Europe (Germany, U.K., France, Italy, Spain, Russia): Stable demand, shaped by energy transition policies, decarbonization strategies, and strategic petroleum reserves.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Fastest-growing region, driven by industrial expansion, rising energy consumption, and investments in LNG and crude storage.
  • South America (Brazil, Argentina): Emerging opportunities in crude oil storage and export infrastructure.
  • Middle East & Africa (Saudi Arabia, South Africa): Growing demand supported by large-scale crude reserves, export-oriented storage facilities, and petrochemical expansion.

Detailed Segmentation Analysis

By Type

  • Large Tanks: Widely used for crude oil and refined product storage.
  • Underground & Above Ground Facilities: Strategic reserves and long-term storage solutions.
  • Sea Tankers: Floating storage for crude oil and LNG, especially during demand fluctuations.

By Application

  • Crude Oil: Largest segment, driven by global trade and strategic reserves.
  • Natural Gas: Expanding demand for LNG storage and distribution infrastructure.

Porter’s Five Forces

  1. Competitive Rivalry: High; global infrastructure leaders compete with regional operators.
  2. Threat of New Entrants: Moderate; barriers include capital intensity, regulatory compliance, and safety standards.
  3. Bargaining Power of Suppliers: Moderate; steel, engineering, and construction costs influence facility economics.
  4. Bargaining Power of Buyers: High; oil majors and governments demand cost efficiency and reliability.
  5. Threat of Substitutes: Moderate; alternatives include renewable energy storage and emerging hydrogen infrastructure.

SWOT Analysis

Strengths

  • Essential for global energy security and trade
  • Established infrastructure and global presence
  • Versatile applications across crude oil and natural gas

Weaknesses

  • High capital and maintenance costs
  • Environmental and safety risks
  • Dependence on fossil fuel demand cycles

Opportunities

  • Expansion into LNG and hydrogen storage
  • Rising demand in Asia-Pacific and Middle East
  • Growth in strategic reserves and energy transition projects

Threats

  • Competition from renewable energy storage solutions
  • Volatile oil and gas prices
  • Stringent environmental and safety regulations

Trend Analysis

  • Rising demand for LNG storage facilities
  • Increasing investments in strategic petroleum reserves
  • Growth in floating storage (FSU/FPSO) solutions
  • Technological advancements in safety, monitoring, and automation

Drivers & Challenges

Drivers

  • Expanding global energy demand
  • Rising investments in LNG and natural gas infrastructure
  • Technological innovation in storage and monitoring systems

Challenges

  • Environmental concerns and regulatory pressures
  • High capital intensity and operational risks
  • Competition from renewable energy and alternative fuels

Value Chain Analysis

  • Upstream: Engineering, procurement, and construction (EPC) companies; steel and material suppliers.
  • Midstream: Storage operators (Royal Vopak, Oiltanking, Magellan Midstream, Kinder Morgan, NuStar Energy, Horizon Terminals).
  • Downstream: End-users including oil majors, governments, and LNG distributors.
  • Support Activities: Logistics, certification, regulatory compliance, R&D innovation.

Quick Recommendations for Stakeholders

  • Manufacturers/Operators: Invest in LNG and hydrogen storage to align with energy transition.
  • Distributors: Expand networks in Asia-Pacific and Middle East to capture high-growth demand.
  • Investors: Focus on companies innovating in floating storage and LNG infrastructure.
  • Policy Makers: Encourage sustainable storage practices and incentivize eco-friendly infrastructure.
  • End-users (oil majors, governments): Diversify storage solutions and adopt advanced monitoring technologies.

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1. Market Overview of Oil and Gas Storage
    1.1 Oil and Gas Storage Market Overview
        1.1.1 Oil and Gas Storage Product Scope
        1.1.2 Market Status and Outlook
    1.2 Oil and Gas Storage Market Size by Regions:
    1.3 Oil and Gas Storage Historic Market Size by Regions
    1.4 Oil and Gas Storage Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Oil and Gas Storage Sales Market by Type
    2.1 Global Oil and Gas Storage Historic Market Size by Type
    2.2 Global Oil and Gas Storage Forecasted Market Size by Type
    2.3 Large Tanks
    2.4 Underground and Above Ground Storage Facilities
    2.5 Sea Tankers
3. Covid-19 Impact Oil and Gas Storage Sales Market by Application
    3.1 Global Oil and Gas Storage Historic Market Size by Application
    3.2 Global Oil and Gas Storage Forecasted Market Size by Application
    3.3 Crude Oil
    3.4 Natural Gas
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Oil and Gas Storage Production Capacity Market Share by Manufacturers
    4.2 Global Oil and Gas Storage Revenue Market Share by Manufacturers
    4.3 Global Oil and Gas Storage Average Price by Manufacturers
5. Company Profiles and Key Figures in Oil and Gas Storage Business
    5.1 Amec Foster Wheeler
        5.1.1 Amec Foster Wheeler Company Profile
        5.1.2 Amec Foster Wheeler Oil and Gas Storage Product Specification
        5.1.3 Amec Foster Wheeler Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.2 Royal Vopak
        5.2.1 Royal Vopak Company Profile
        5.2.2 Royal Vopak Oil and Gas Storage Product Specification
        5.2.3 Royal Vopak Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.3 TechnipFMC
        5.3.1 TechnipFMC Company Profile
        5.3.2 TechnipFMC Oil and Gas Storage Product Specification
        5.3.3 TechnipFMC Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.4 Vitol
        5.4.1 Vitol Company Profile
        5.4.2 Vitol Oil and Gas Storage Product Specification
        5.4.3 Vitol Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.5 Magellan Midstream Partners
        5.5.1 Magellan Midstream Partners Company Profile
        5.5.2 Magellan Midstream Partners Oil and Gas Storage Product Specification
        5.5.3 Magellan Midstream Partners Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.6 CIM-CCMP
        5.6.1 CIM-CCMP Company Profile
        5.6.2 CIM-CCMP Oil and Gas Storage Product Specification
        5.6.3 CIM-CCMP Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.7 CLH
        5.7.1 CLH Company Profile
        5.7.2 CLH Oil and Gas Storage Product Specification
        5.7.3 CLH Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.8 WorleyParsons
        5.8.1 WorleyParsons Company Profile
        5.8.2 WorleyParsons Oil and Gas Storage Product Specification
        5.8.3 WorleyParsons Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.9 Blueknight Energy Partners
        5.9.1 Blueknight Energy Partners Company Profile
        5.9.2 Blueknight Energy Partners Oil and Gas Storage Product Specification
        5.9.3 Blueknight Energy Partners Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.10 Buckeye Partners
        5.10.1 Buckeye Partners Company Profile
        5.10.2 Buckeye Partners Oil and Gas Storage Product Specification
        5.10.3 Buckeye Partners Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.11 Centrica
        5.11.1 Centrica Company Profile
        5.11.2 Centrica Oil and Gas Storage Product Specification
        5.11.3 Centrica Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.12 Chiyoda
        5.12.1 Chiyoda Company Profile
        5.12.2 Chiyoda Oil and Gas Storage Product Specification
        5.12.3 Chiyoda Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.13 Odfjell
        5.13.1 Odfjell Company Profile
        5.13.2 Odfjell Oil and Gas Storage Product Specification
        5.13.3 Odfjell Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.14 Oiltanking
        5.14.1 Oiltanking Company Profile
        5.14.2 Oiltanking Oil and Gas Storage Product Specification
        5.14.3 Oiltanking Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.15 Ramboll
        5.15.1 Ramboll Company Profile
        5.15.2 Ramboll Oil and Gas Storage Product Specification
        5.15.3 Ramboll Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.16 DaLian Port (PDA) Company
        5.16.1 DaLian Port (PDA) Company Company Profile
        5.16.2 DaLian Port (PDA) Company Oil and Gas Storage Product Specification
        5.16.3 DaLian Port (PDA) Company Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.17 HORIZON TERMINALS
        5.17.1 HORIZON TERMINALS Company Profile
        5.17.2 HORIZON TERMINALS Oil and Gas Storage Product Specification
        5.17.3 HORIZON TERMINALS Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.18 Kinder Morgan
        5.18.1 Kinder Morgan Company Profile
        5.18.2 Kinder Morgan Oil and Gas Storage Product Specification
        5.18.3 Kinder Morgan Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
    5.19 NuStar Energy
        5.19.1 NuStar Energy Company Profile
        5.19.2 NuStar Energy Oil and Gas Storage Product Specification
        5.19.3 NuStar Energy Oil and Gas Storage Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Oil and Gas Storage Market Size
    6.2 North America Oil and Gas Storage Key Players in North America
    6.3 North America Oil and Gas Storage Market Size by Type
    6.4 North America Oil and Gas Storage Market Size by Application
7. East Asia
    7.1 East Asia Oil and Gas Storage Market Size
    7.2 East Asia Oil and Gas Storage Key Players in North America
    7.3 East Asia Oil and Gas Storage Market Size by Type
    7.4 East Asia Oil and Gas Storage Market Size by Application
8. Europe
    8.1 Europe Oil and Gas Storage Market Size
    8.2 Europe Oil and Gas Storage Key Players in North America
    8.3 Europe Oil and Gas Storage Market Size by Type
    8.4 Europe Oil and Gas Storage Market Size by Application
9. South Asia
    9.1 South Asia Oil and Gas Storage Market Size
    9.2 South Asia Oil and Gas Storage Key Players in North America
    9.3 South Asia Oil and Gas Storage Market Size by Type
    9.4 South Asia Oil and Gas Storage Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Oil and Gas Storage Market Size
    10.2 Southeast Asia Oil and Gas Storage Key Players in North America
    10.3 Southeast Asia Oil and Gas Storage Market Size by Type
    10.4 Southeast Asia Oil and Gas Storage Market Size by Application
11. Middle East
    11.1 Middle East Oil and Gas Storage Market Size
    11.2 Middle East Oil and Gas Storage Key Players in North America
    11.3 Middle East Oil and Gas Storage Market Size by Type
    11.4 Middle East Oil and Gas Storage Market Size by Application
12. Africa
    12.1 Africa Oil and Gas Storage Market Size
    12.2 Africa Oil and Gas Storage Key Players in North America
    12.3 Africa Oil and Gas Storage Market Size by Type
    12.4 Africa Oil and Gas Storage Market Size by Application
13. Oceania
    13.1 Oceania Oil and Gas Storage Market Size
    13.2 Oceania Oil and Gas Storage Key Players in North America
    13.3 Oceania Oil and Gas Storage Market Size by Type
    13.4 Oceania Oil and Gas Storage Market Size by Application
14. South America
    14.1 South America Oil and Gas Storage Market Size
    14.2 South America Oil and Gas Storage Key Players in North America
    14.3 South America Oil and Gas Storage Market Size by Type
    14.4 South America Oil and Gas Storage Market Size by Application
15. Rest of the World
    15.1 Rest of the World Oil and Gas Storage Market Size
    15.2 Rest of the World Oil and Gas Storage Key Players in North America
    15.3 Rest of the World Oil and Gas Storage Market Size by Type
    15.4 Rest of the World Oil and Gas Storage Market Size by Application
16 Oil and Gas Storage Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Large Tanks
  • Underground and Above Ground Storage Facilities
  • Sea Tankers

By Application

  • Crude Oil
  • Natural Gas

Regional Analysis

  • North America (U.S., Canada, Mexico): Mature market with strong demand in crude oil storage and pipeline-connected facilities.
  • Europe (Germany, U.K., France, Italy, Spain, Russia): Stable demand, shaped by energy transition policies and strategic reserves.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Fastest-growing region, driven by industrial expansion, rising energy consumption, and strategic storage investments.
  • South America (Brazil, Argentina): Emerging opportunities in crude oil storage and export infrastructure.
  • Middle East & Africa (Saudi Arabia, South Africa): Growing demand supported by large-scale crude reserves and export-oriented storage facilities.

Key Players

  • Amec Foster Wheeler
  • Royal Vopak
  • TechnipFMC
  • Vitol
  • Magellan Midstream Partners
  • CIM-CCMP
  • CLH
  • WorleyParsons
  • Blueknight Energy Partners
  • Buckeye Partners
  • Centrica
  • Chiyoda Corporation
  • Odfjell
  • Oiltanking GmbH
  • Ramboll
  • DaLian Port (PDA) Company
  • Horizon Terminals
  • Kinder Morgan
  • NuStar Energy
  • Additional Notable Players: Saudi Aramco Terminals, PetroChina Storage, Shell Midstream, ExxonMobil Storage Solutions

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