At present,there are few studies on the influence of medium and low water saturation on the capacity of free gas storage.Therefore, this study simulates the multi?round gas injection?soaking?production process through laboratory experiments; The laboratory experiment was carried out to simulate the process of multi?round gas injection?well soaking?production. Combined with the mathematical model and numerical simulation results, the research shows that the reservoir capacity increases with the increase of injection?production rounds, but the increase after single?round injection?production decreases rapidly.When the initial water saturation is higher than 50%, the increase of water saturation is beneficial to the reconstruction of gas storage, but the increase of injection?production capacity and storage capacity is relatively slow in the early stage of reservoir construction. When the initial water saturation is increased from 50% to 85%, the gas saturation is reduced by about 9.27% after 6 injection?production cycles. When the injection?production cycles are increased to 20,30,50 cycles, the free gas storage capacity is increased by about 0.51%,3.33%,6.61%, respectively. The research results are expected to provide reference for the evaluation of injection?production capacity and storage capacity of reservoir?type gas storage.