Top 10 Gas Storage Companies in the World in 2021 by Capacity

Gazprom, China National Petroleum Corp, Naftogaz of Ukraine, Snam SpA, and TC Energy Corporation are the major 5 gas storage companies in the world in 2021 by working gas capacity. Working gas capacity refers to the volume of gas that is available for withdrawal from the reservoir (underground gas storage facility). Comprehensively, the major 10 gas storage companies in the world had a Working Gas Capacity of 9,944 billion cubic feet (bcf), where Gazprom had the highest capacity (3,957 bcf), while Uzbekneftegaz National Holding Co had the lowest capacity (403 bcf). In terms of the geographic split, 3 out of 10 of the world’s major gas storage companies are based in Europe, 3 are based in North America, and the remaining are based in Asia and EMEA. The Russia-based Gazprom is the leading gas storage company in the world (by capacity). The company reported revenues of $139,034 million for the fiscal year ended December 2021 (FY2021), an increase of 62% over FY2020, due to an increase in sales and an increase in the cost of purchasing gas and oil. The company is an integrated global oil and gas company. It carries out the exploration, production, transportation, storage, processing, and marketing of natural gas, gas condensate, and crude oil. In 2021, the company had 3,957 working Gas Capacity (bcf) and employs 468,000 people. China based China National Petroleum Corp is one of the leading gas storage companies in the world (by capacity). The company reported revenues of $435,244.02 million in 2021 (FY2021). The company has assets and interests in 35 countries in Africa, Central Asia-Russia, Americas, the Middle East, Asia-Pacific, and other regions. It also has a presence in new energy development. In China, it has operations in 13 provinces, including Daqing, Liaohe, Xinjiang, Changqing, Southwest, Tarim, Huabei, Dagang, Jilin, Tuha, Qinghai, Jidong, and Yumen. As of December 2021, CNPC had 1045.27 million tons (MMT) of proved oil and 1095.1 billion cubic meters (bcm) of proved gas in place in China. In 2021, the company had 1,234 working Gas Capacity (bcf) and employs 1,448,400 people.