The development of an underground gas storage (UGS) project and its subsequent management must ensure technical feasibility, commercial value and long-term efficiency. The UGS industry has borrowed much of its knowledge from other disciplines (primarily oil and gas reservoir engineering), but it has also developed its own technology. This paper provides a methodological approach based on current practices and available methods for designing and safely operating a UGS (including the so-called “delta-pressure” option to enhance UGS performance) and highlights what is special in UGS compared to oil and gas reservoirs.