Underground　gas　storage　is　one　of　the　essential　infrastructures　for　natural　gas　development　and　peak　regulation.　At　present,　the　peaking　capacity　of　gas　storage　accounts　for　20%　of　annual　natural　gas　consumption　in　the　United　States,　25%　in　European　Union　(EU)and　only　2%　in　China.　This　shows　that　in　China,　the　construction　of　underground　gas　storage　has　lagged　behind　the　rapid　development　of　natural　gas.　Insufficient　natural　gas　storage　capacity　and　poor　peak　regulation　capacity　will　affect　supply　security　during　peak　periods.　Lack　of　peaking　price　and　poor　investment　economy　will　limit　the　construction　of　gas　storage　infrastructure.　As　the　natural　gas　industry　is　in　rapid　growth　stage,　the　serious　lag　of　infrastructural　construction　such　as　gas　storage　will　restrict　the　development　of　natural　gas　industry,　therefore　it　is　given　the　priority　in　reform.　In　order　to　achieve　the　goal　of　increasing　the　proportion　of　natural　gas　in　primary　energy　consumption　to　10%　or　more,　proposed　by　the　＇Energy　Development　Strategic　Action　Plan　(2014-2020)＇,　and　to　promote　the　high　development　of　the　gas　industry,　as　well　as　to　achieve　the　national　goal　of　low-carbon　development,　the　following　suggestions　are　proposed:　(1)　Formulate　the　pricing　mechanism　and　reasonable　return　of　gas　storage.　Measures　should　be　taken　to　improve　the　return　of　gas　storage　investment,　the　approval　procedures　and　restrictions　should　be　eased　appropriately　and　other　gas　resources　should　be　developed.　(2)　Temporarily　suspend　the　third-party　development　of　gas　storage.　The　access　to　gas　storage　must　be　based　on　the　interconnection　and　interoperability　of　pipelines.　The　third-party　development　should　be　permitted　after　gas　storage　capacity　reaching　a　certain　target　and　the　pipe　network　equally　being　opened　to　the　outside　world.　©　2017　Aussino　Academic　Publishing　House　(AAPH).　All　Rights　Reserved.