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Global Oil and Gas Storage, Market Size and Growth
Asia-Pacific plays an important role in the global oil and chemicals storage terminal industry. Itaccounts for 22.59% of global storage capacity. The storage industry in the Asia-Pacific region is undergoing a major transformation from being government regulated to a privately owned sector. The region is witnessing a huge growth in demand for chemical and petroleum products. Countries in this region are developing new storage terminals to cater to their domestic demands.

The largest storage terminals of Asia-Pacific are Yeosu (Republic of Korea), Geoje (Republic of Korea), Pertamina Sekupang (Indonesia), Sinochem Nantong (China) and Pertamina Cilacap (Indonesia).

The storage capacity of Asia-Pacific increased from 59,054 Thousand M3 in 2000 to 85,810 Thousand M3 in 2008, at an AAGR of 4.67%. It is expected to increase from 85,810 Thousand M3 in 2008 to 108,761 Thousand M3 in 2013, at an AAGR of 4.74%.
This latest Oil Storage market data and analysis was taken from the research report "Global Oil and Chemicals Storage Industry to 2013 Investment Opportunities, Analysis and Forecasts of All Active and Planned Oil and Chemical Terminalspublished by Global Markets Direct - for more information on this report, Click Here

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