Top Underground Gas Storage Companies

Global Underground Gas Storage Market size was valued at USD 10.64 Billion in 2024 and is poised to grow from USD 11.1 Billion in 2025 to USD 15.54 Billion by 2033, growing at a CAGR of 4.3% during the forecast period (2026–2033). 

Underground gas storage companies should focus on expanding their storage capacity to maximize their business scope in the long run. Providing storage for hydrogen and other gases is slated to boost revenue generation for all underground gas storage providers. Europe, the Middle East and Africa, and Asia Pacific are slated to be the most opportune regions for companies as per this global underground gas storage market analysis. 'Niska Gas Storage (USA) ', 'Saltville Gas Storage (USA) ', 'Floridian Natural Gas Storage Company, LLC (USA) ', 'TransCanada (Canada) ', 'Gazprom (Russia) ', 'Enbridge Inc. (Canada) ', 'Uniper SE (Germany) ', 'Royal Dutch Shell (Netherlands) ', 'TotalEnergies (France) ', 'E.ON SE (Germany) ', 'Engie (France) ', 'Centrica plc (UK) ', 'Sempra Energy (USA) ', 'Kinder Morgan, Inc. (USA) ', 'Cheniere Energy, Inc. (USA) ', 'Williams Companies, Inc. (USA) ', 'ConocoPhillips (USA) ', 'BP plc (UK) ', 'Chevron Corporation (USA) ', 'ExxonMobil Corporation (USA)'

Growing emphasis on improving emergency preparedness around the world in the wake of rising incidence of disasters is expected to favor the global underground gas storage market outlook. Creating strategic underground gas storage reserves can help countries and end users mitigate the risks of supply disruptions due to geopolitical tensions or natural disasters.

Targeting Developing Countries: Underground gas storage providers should invest in expansion into developing countries as their demand for energy and emphasis on energy security rises. With more and more developing countries investing in new energy projects to power their economic growth, the adoption of underground gas storage facilities is expected to rise rapidly in the long run.

Europe is estimated to account for the biggest global underground gas storage market share across the study period. The presence of multiple gas reserves in this region, high emphasis on adoption of natural gas to promote sustainability, and growing investments in the development of new underground gas storage facilities are helping this region bring in the most revenue.