Chinese Government Is Focusing On Increasing The National Working Gas Storage Capacity Propelling The Growth Of The Underground Facilities Maintenance Market


Growing adoption of underground facility maintenance for various applications such as stormwater management, drain management, and traffic management system is driving growth of the underground facilities maintenance market. Rising spending on infrastructure development by major economies is again increasing the deployment of underground facilities. For instance, according to The World Bank, The Eastern African Submarine Cable System (EASSY) is an underground fiber-optic cable that runs from South Africa to Sudan, allowing all countries along the route to connect to the global submarine cable system. Developed and owned by a consortium of about 25 telecommunication operators, mostly from eastern and southern Africa, the cable is expected to cost US$ 230 million.

The Asia Pacific is expected to exhibit significant growth over the forecast period and this is attributed to the growing demand for natural gas in developing economies such as India and China. For instance, according to Environmental Defense Fund, the Chinese government is focusing on increasing the national working gas storage capacity from 11.7 billion cubic meters (bcm) in 2017 to 14.8 bcm by 2020, and to 35 bcm by 2030.

Underground facilities maintenance is a sub-set of civil engineering and environmental practices that seek to mitigate the adverse effects of underground nuclear wastes, oil stocks, chemicals, and other fluids. It involves the safe storage, retrieval, and transport of these hazardous materials. It involves the monitoring, transport, and storage of such materials during the course of their use and accumulation. These activities are necessary for the regulated operations of power generation, fossil fuel burning plants, mineral water treatment, petroleum processing plants, and wastewater treatment. They also provide for the protection of human health and the environment from the adverse effects of waste materials

  1. In October 2020, MIBGAS launches the trading of natural gas products with delivery in underground gas storage facilities, in the so-called Virtual Balance Storage (AVB)

  2. In September 2020, Eimco Elecon in a filing to BSE has announced the launch of new products for underground mining. As per the filing, the products launched by the company are initiatives of the company towards the Make in India Concept

  3. In June 2020, the Public Utilities Commission (PUC) has launched a consultation on the regulations that provide for significant changes in the use of the Inčukalns gas storage facility. The changes have been made due to the growing role of the storage facility in the natural gas supply sector throughout the Baltic region.

Some of the key players operating in the underground facilities maintenance market include API, Harry Helmet, Roto-Rooter, Ned Stevens, and others.

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