Latest storage news
Construction work has started on the Tomaro Industrial Park, which comprises a storage terminal, oil rig fabrication plant, refinery and shipyard.
The park, which was made a free trade zone by the federal government as part of its efforts to industrialise the nations economy, will cost around $450 million.
Captain Emmanuel Ihenacho, chairman and CEO of Integrated Oil and Gas/Genesis Shipping Worldwide, told journalists in a site tour that the storage facility consists of 30 tank bases with a capacity of 500 million litres. With that capacity, NNPC will be able to draw fuel for 15 days when there are interruptions in fuel supply in the country.
Work on the construction of large crude oil storage tanks in the port of Jask is underway.
Local media reports that in the first phase of the project, the facility will have the capacity to store 10 million barrels. This could increase to up to 30 million barrels at a later phase, Hamid Sharif-Razi, managing director of National Iranian Oil Engineering and Construction Company said.
Additionally, the project also comprises a 1,000 kilometer 42-inch pipeline from the city of Goureh, in Bushehr Province to the port of Jask, in the southern Hormozgan Province.
Petróleos Mexicanos has signed a contract with Olstor Services to increase its oil product storage capacity.
The contract is the first of its kind to be formalise with a private enterprise by Pemex. The deal gives Pemex Transformación Industrial greater flexibility and reliability for the supply of fuel and other oil products to cover the demand of its clients in the Bajío region of Mexico.
The company says that this contract represents how the tools provided by the new legal environment and regulatory framework from the country's energy reforms are being actively used.
'This allows the company to develop a new oil product storage infrastructure with third-party involvement to further improve and strengthen the country's energy supply,' it says.
Total oil product stocks in Fujairah were 16.595 million barrels as of Monday, April 2, down 5.5% from a week earlier, as all three product categories fell, according to latest data from the Fujairah Energy Data Committee, or FEDCom.
Stocks of middle distillates fell 21.6% to 1.739 million barrels. The gasoil market was stable Monday, with a supply cap on turnarounds in India and the Middle East, according to a report by S&P Global Platts Analytics. Premiums are seeing some support from European demand, with the arbitrage looking more workable, market sources said. The volume of ultra low sulfur diesel shipping from East of Suez markets to the Mediterranean and Northwest Europe is currently expected at between 1.2 million mt and 1.4 million mt, respectively, in April, data from S&P Global Platts trade flow software cFlow and market sources showed.
Demand in diesel markets in Northwest Europe and the Mediterranean has started to pick up following the winter lull. On jet fuel, traders said demand for Asian and Middle Eastern barrels was seen dropping off somewhat as the flow of cargoes from the US to Europe intensifies. Meanwhile, stocks of light distillates fell 4.7% on the week to 7.807 million barrels.
The Middle Eastern market is seeing mixed sentiment, with some sources saying ample supply from Europe and India would continue to depress the market, while others were more optimistic, the report said. Petrol demand has had a slow start to the year in the first quarter, but sentiment is picking up given stable demand from the Middle East which is likely to improve further with stock building ahead of Ramadan, it said. Global demand is expected to see a seasonal pickup ahead of the summer driving season. Premiums for Arab Gulf Gasoline RON 95 rose to a three-week high of $2.60/b Tuesday.
Stocks of heavy distillates and residues were largely stable, falling just 1% on the week to 7.049 million barrels. Bunker market sentiment in Fujairah was reported as improving with some traders noting better inquiries for April. Kuwait Petroleum Corp. sold via tender 80,000 mt of 380 CST HSFO, with maximum 4.0% sulfur, for April 10-11 loading to Vitol at a low single digit premium to Mean of Platts Arab Gulf 380 CST HSFO assessments, on an FOB basis, traders said.
Keyera Corporation and Encana Corporation will jointly develop a liquids hub and a natural gas processing and liquids stabilisation plant.
Both companies have entered into a 20-year infrastructure development and midstream service agreement to support Keyera's condensate focused Pipestone Montney development near Grande Prairie, Alberta.
Keyera will own the new hub and plant and will provide processing services to Encana, which will be responsible for the design and construction of the project.
The Pipestone Liquids Hub is currently under construction and will include a total of 14,000 barrels per day of condensate processing capacity. It will also include a total of 200 million cubic feet per day of sour gas processing capacity with acid gas injection capabilities, 24,000 barrels per day of condensate processing capacity and associated water disposal facilities. Based on the project development schedule, operations of the Pipestone Plant are anticipated to begin in 2021.
David Smith, Keyera's president and CEO, says: 'This project aligns with Keyera's strategy of building a stronger presence in the liquids-rich Montney development of northwestern Alberta, where strong geology and attractive economic returns are driving producer activity.'
Earth Wealth Energy plans to build a 360,000 m3 fuel oil storage and treatment facility at the Port of Fujairah.
Platts reports that the Dubai-based trader plans to build the facility ahead of the IMO's marine fuel sulphur cap, which will be implemented on January 1, 2020.
The company plans to build 12 to 15 storage tanks and a facility to treat up to 12,000 barrels per day of fuel oil to reduce the sulphur content.
Rotary Engineering has been contracted to carry out the engineering study and Earth Wealth Energy aims to make a final investment decision on the project and start work this year.
The facility is expected to be ready no later than the second quarter of 2020.
HES International is set to be acquired by an infrastructure fund managed by Macquarie Infrastructure and Real Assets and a fund managed by Goldman Sachs.
Macquarie European Infrastructure Fund 5 and West Street Infrastructure Partners III have reached an agreement in principle with Riverstone Holdings and The Carlyle Group.
HES will not initiate consultations where appropriate with the relevant works councils. The financial terms of the transaction have not been disclosed.
HES focuses on the storage and handling of liquid bulk products including crude oil, refined petroleum products and bio-fuels. It has a platform of liquid terminals including the HES Botlek Tank Terminal and HES Wilhelmshaven Tank Terminal.
Under Riverstone's and Carlyle's ownership, the HES management team has been successfully implementing an over €700 million transformation and growth strategy, including the recent financial investment decision on the landmark Hartelstrip expansion project. This makes it one of the most significant tank terminal operators in north west Europe.
Jan Vogel, CEO of HES International, says: 'Over the past 3.5 years, we have implemented a focused strategy that makes optimal use of our prime real estate in Europe's key ports and allows us to adjust flexibly to future changes and opportunities that energy transition will bring to our sector.
'We have also built a strong pipeline of additional growth projects for both our liquid bulk and dry bulk businesses to support our strong position in each of our core businesses.'
Leigh Harrison, European head of MIRA, adds: 'As long-term investors we are excited about the growth opportunities HES offers in dry and liquid bulk as well as its strong management term, market position in north west Europe and its focused strategy. Together with our partner WSIP, we are looking forward to supporting management in expanding the business through new growth projects.'
Total oil product stocks in Fujairah stood at 17.559 million barrels as of March 26, down slightly by 0.4% from last week's 15-week high, according to the latest data from the Fujairah Energy Data Committee, or FEDCom.
Stocks of middle distillates fell by almost 14% to 2.217 million barrels. Gasoil cargoes from the Gulf were headed to Singapore due to a closed arbitrage to the west, S&P Global Platts Analytics said in a report.
Asia's gas oil market was largely balanced, between spot demand and ongoing refinery turnarounds providing underlying support, it added.
Stocks of light distillates rose by 6.9% week on week to 8.193 million barrels. Inventories for this category in March 2018 have averaged 30% higher than the same month last year, which is indicative of ample supply in the region, Platts Analytics said.
Stocks of heavy distillates and residues fell by 3.2% week on week to 7.149 million barrels. Premiums for the benchmark Arab Gulf 180 CST FOB cargoes fell to $7/mt on Tuesday from a four-month high of $10/mt a week ago. This was in line with a weakening market in Singapore, where cash premiums and swaps time spreads are both negative.
The April/May edition of Tank Storage Magazine examines storage and energy markets in the Middle East.
In this edition:
- We speak to Brooge Petroleum & Gas Investment Company (BPGIC) about its new storage terminal in the Port of Fujairah for middle distillates and fuel oil, which also offers one of the fastest flow rates,
- Renish Group’s executive director Kalrav Dixit explains more about the company’s plans for its storage facility Alaska International, in Hamriyah, which includes building more capacity for Class A products,
- We find out more about Indian Strategic Petroleum Reserves’ three vast underground storage caverns, which not only cushion the country from oil supply disruption but are also changing the energy scenario for its refining sector,
- The Port of Rotterdam tells us more about its initiative to tackle the rise of fake storage terminal websites,
- Energy analyst Mahin Siddiqui provides an analysis of global LNG markets, which are becoming more flexible and competitive
To get a copy, or to get an annual subscription which includes a FREE copy of the Independent Tank Terminal Map, visit www.tankstoragemag.com/shop.
Officials have approved the deepening of the Nieuwe Waterweg and the Botlek to ensure that sea-going vessels with a draught of 15 meters can reach the Botlek port.
The project, approved by Rijkswaterstaat and the Port of Rotterdam Authority, represents an important improvement for the accessibility of the Botlek and the competitive position of the port of Rotterdam.
The deepening process will take approximately six months and will be carried out by Koninklijke Boskalis Westminster and Van der Kamp. It will allow the new Panamax and Aframax ships to navigate the Nieuwe Waterweg without any restrictions.
Minister Cora van Nieuwenhuizen of infrastructure and water management says: 'The deepening of the Nieuwe Waterweg and the Botlek is an investment in the accessibility of the Rotterdam Mainport. We are opening the door further, which will quickly give the port of Rotterdam the space for the ever larger sea-going vessels. The deepening of the waterway will ensure a better competitive position for companies in the Botlek area.'
Ronald Paul, COO at the Port of Rotterdam Authority, adds: 'If larger tankers can enter the Botlek port, it will reinforce the business case for investments in capacity expansion. Larger ships translate into more cargo, more cargo handling and a better utilisation of storage tanks. Currently, one larger vessel can enter with every tide. Soon – in favourable circumstances – this will be three large vessels. This is a big step forward.'
Nova Chemicals and Sunoco Partners Marketing & Terminals are pursuing a potential joint venture to develop an ethylene export storage terminal on the US Gulf Coast.
Both companies have entered into a non-binding memorandum of understanding over the potential joint venture and will seek market commitment for an anticipated start-up of the terminal by mid-2020. The facility is expected to have the capability to export 1.8 billion pounds per year of ethylene to the global market.
The project would connect the Lone Star NGL Mont Belvieu storage facility at Mont Belvieu, Texas, where the Nova ethylene hub operates, and the Louisiana ethylene market to the export facility via existing pipelines already approved for ethylene transportation.
The project would provide significant value by linking low-cost US Gulf Coast ethylene production to derivative plants around the world.
The proposed JV is subject to sufficient market interest and customary conditions and approvals, including completion of definitive agreements and approval of Nova Chemicals board of directors.
Naushad Jamani, senior vice president, olefins & feedstock for Nova Chemicals, says: 'An ethylene export terminal builds upon Nova Chemicals' leadership position in the continually expanding North American ethylene industry.
'Together with the 2017 acquisition of our interest in the Geismar, Louisiana Olefins facility and our recently announced proposed joint venture in Texas with Total and Borealis, this project would further extend Nova Chemicals' presence in the US Gulf Coast, allowing us to better serve our customers in the Americas.'
Port of Corpus Christi commissioners have approved a lease agreement for 55 acres of land to build and operate a marine terminal facility.
The lease agreement for land on the north side of the Corpus Christi Ship Chanel in the Inner Harbour will allow for a new storage facility for the export of US crude oil, condensate and refined petroleum products via a new oil dock.
As part of the agreement, the port will construct a new oil dock and Corpus Christi Infrastructure (CCI) will install the loading arms, handling equipment, storage tanks and other facilities. The port will dredge a berth to accommodate Suezmax tankers at Oil Dock 22 and CCI will have exclusive use of the Dock 22 berth.
Charles Zahn, chairman port commission, says: 'This lease agreement aligns with the port's vision to be the energy port of the Americas and the strategic plan goal by supporting the infrastructure developments necessary to move increasing volumes of US-produced energy toward global markets.'
Orpic Logistics Company (OLC) has started operations at its new Muscat-Sohar pipeline and its Al Jefnain storage terminal in Oman.
The $336 million pipeline represents a key logistics infrastructure, allowing more than 50% of the country's fuel to be transported and contributing to improved road safety, with fewer road tankers in and around the capital of Muscat.
The Muscat Sohar Product Pipeline (MSPP) is a multi-product, bi-directional pipeline that uses 290 kilometres of pipelines to connect the Mina Al Fahal and Sohar Orpic refineries to the AL Jefnain storage and distribution facility, as well as to the Muscat International airport.
It is divided into three sections and it has satellite control systems and advanced safety and environmental protection.
The Al Jefnain storage facility is a centre for the storage and distribution of petroleum products with a capacity of more than 170,000 m3 and 16 loading racks. At this facility, an average of 700 trucks are loaded every day, carrying fuel to service stations. The facility increases the country's refined products storage capacity by 70%.
OLC is a joint venture company, created by CLH and Orpic. Jorge Lanza, CEO of CLH, says: 'The MSPP project is a significant milestone in the history of our company and we believe that it will open doors to new opportunities. CLH is committed to the development of the economy and talent of Oman, and we hope to continue to undertake more projects together, both in Oman and the surrounding area.'
Vice president of Orpic, H.E. Sultank bin Salim Al Habsi, adds: 'This project responds to the government's strategic goals for the development of logistics systems for petroleum products in the Sultanate, which will cover the growing demand for fuels.'
Total oil product stocks in Fujairah stood at 17.622 million barrels as of Monday, March 19, up 10.4% as all three product groups saw increases, according to latest data from the Fujairah Energy Data Committee, or FEDCom.
Stocks of light distillates rose by 14.5% week on week to 7.661 million barrels. So far this year, they have averaged 34% higher than in the first quarter of 2017, S&P Global Platts Analytics said in a report.
The East of Suez petrol market continues to look sluggish, weighed down by heavy supplies from Asian refiners such as China and South Korea. Demand in the Middle East was also soft, with spot premiums for Arab Gulf Gasoline RON 95 falling to a 12-month low of $2.00/b this week, Platts Analytics said.
'We still see a steady stream of supplies from northeast Asian refiners, but very little additional demand in terms of fresh spot tenders,' a Middle Eastern trading source said. Stocks of middle distillates rebounded by 34% to 2.572 million barrels. This is after a drop of 25.4% a week earlier when stocks fell to a seven-week low.
Despite the large week-on-week jump, stock levels remained within the range seen over the past two months. The volume of ultra-low sulfur diesel moving from East of Suez to Europe in March was set to be around 1.7 million mt, according to data from market sources and Platts trade flow software cFlow. This is despite a strong gasoil exchange of futures for swaps, which generally signals unfavorable arbitrage economics, the report said.
However, premiums for Arab Gulf 10ppm Gasoil have been under $1/b since the beginning of February, indicative of the weak demand for gasoil volumes to remain East of Suez. Meanwhile, cargoes of jet fuel from the Middle East continue to be drawn to Europe, the report said.
Heavy distillates and residues also saw a marginal rise of 0.5% week on week to 7.389 million barrels, staying close to a two-month high. The entire complex has shown little volatility so far this year, so Q2 is expected to be much the same, with no major changes expected, market sources said.
The market is already looking forward to June towards the summer season when utility demand in the Middle East returns. Summer demand could also see a resumption of Pakistani fuel oil tenders loading from Fujairah, which have been absent since January due to increased LNG imports. Premiums for the benchmark Arab Gulf 180 CST FOB cargoes remain at a four-month high of $10/mt.
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Energy Transfer Partners and Satellite Petrochemical USA have formed a JV to build a new export terminal on the US Gulf Coast.
The new facility will provide ethane to Satellite for consumption at their ethane cracking facilities in China.
The JV, Orbit Gulf Coast NGL Exports, will also construct a 20-inch ethane pipeline originating at ETP's Mont Belvieu Fractionators that will make delivers to Orbit's ethane export terminal on the US Gulf Coast as well as domestic markets in the region.
At the terminal, Orbit will build 800,000 barrel refrigerated ethane storage tank and a 175,000 barrel per day ethane refrigeration facility. Energy Transfer will be the operator of the Orbit assets.
Additionally, Energy Transfer will construct and wholly own the infrastructure that is required to both supply ethane to the pipeline and load the ethane on to the VLECs destined for the ethane crackers in China's Jiangsu province.
It is anticipated that the Orbit export terminal will be put in service by the fourth quarter of 2020.
As part of these agreements, Energy Transfer and Satellite also executed agreements for the sale of ethane at the terminal. Energy Transfer will provide Satellite with 150,000 barrels per day of ethane under a long-term, demand-based agreement. Energy Transfer will also provide storage and marketing services for Satellite.
Petrochemical Corporation of Singapore has inaugurated its new naphtha import facility.
The $80 million facility includes eight storage tanks totalling 240,000 m3, a 120,000 DWT liquid berth capable of handling large vessels transporting naphtha and its associated facilities.
PCS is a company jointly owned by Japan-Singapore Petrochemicals Company and Shell Petrochemicals.
Akira Yonemura, PCS managing director, says: 'Petrochemicals remains a competitive business with its growing demand being matched by a number of new capacity additions in this region, particularly China and also in the US.
'Our new naphtha import facilities gives us more opportunities for feedstock optimisation and hence further strengthens our competitiveness. It will also help to ensure that PCS continues to be a reliable and competitive supplier to all our customers with smooth and stable operations.'
Kinder Morgan Canada has completed two additional tanks at the Base Line Terminal ahead of schedule.
This follows the successful completion of the first four tanks and commencement of service in January 2018. The two new tanks – five and six of 12 – started operations on March 13.
The two tanks add an additional 800,000 barrels of crude storage to the 1.6 million barrels currently in operation.
The facility is a 50-50 crude oil merchant terminal joint venture with Keyera in Sherwood Park, Alberta. Once complete it will provide a total of 4.8 million barrels of crude storage and will be comprised of 12 tanks, all of which are fully-contracted with long-term, firm take-or-pay agreements with creditworthy customers.
The remaining six tanks are expected to be completed in the third and fourth quarter of 2018.
It is connected by pipeline to Kinder Morgan's Edmonton-area terminals and is capable of sourcing the majority of crude streams handled by Kinder Morgan.
Summit Power International and Mitsubishi have signed a MoU to develop a $3 billion LNG-to-power project in Bangladesh.
The MoU between Summit Corporation, a subsidiary of Summit Power, Mitsubishi Corporation and its subsidiary Diamond Gas International stipulates that the parties will develop an integrated LNG onshore receiving terminal with a regasification capacity of up to 1,500 million cubic feet per day, two gas turbines and high voltage transmission lines and the import of LNG.
Muhammed Aziz Khan, chairman of SPI, says: 'This MoU will help SPI support Bangladesh's fast-growing energy, power and technology needs.
'It will be a strategic fit for SPI to leverage Mitsubishi's LNG and LNG-to-Power expertise as well as understanding of Mohekhali and Bangladesh's power needs.'
Alwin van Aggelen, CEO of A-Risc, explains how terminals can deal with new scenario analyses and risk assessment requirements for PGS 29
Storage terminals in the Netherlands must comply with the PGS 29 requirements for the storage of flammable liquids in above ground cylindrical tanks.
Like all Dutch guidelines for hazardous substances, the PGS 29 is currently in the process of being updated using a standardised risk-based approach.
One of the reasons for this risk-based approach has been to create a structure where it is clear why a requirement is there, what the objective of the requirement is and if sufficient risk reduction is provided by the requirements.
It also provides a good foundation to support the review and acceptance of alternatives that might be equivalent in terms of function and level of risk reduction. And, not restricting opportunities for innovation and technology development.
Understanding the risk
The core of the new approach is the use of scenarios describing all potential incidents that can occur when storing flammable liquids in tanks. Utilising the BowTie methodology, scenarios are described from cause to consequence, including the impact of the consequence.
For example; overfilling leading to a loss of containment, followed by the formation of a vapour cloud and, when ignited, a vapour cloud explosion with potential for multiple fatalities/injuries, extensive damage and escalation to nearby installations.
To ensure all credible scenarios are covered, the causes are categorised by category based on the PGS 6, e.g. over pressure, under pressure, internal corrosion, external corrosion, external impact, environmental conditions, human actions, etc. These are validated against tank incidents where available.
Each of the scenarios is assessed using a standardised risk matrix to determine the risk of a scenario and to determine if it should be included in the PGS standard. The scope of all the PGS standards, and thus also the PGS 29, is limited to the medium and high-risk scenarios.
To ensure the PGS 29 covers most of the installations, the scenario analyses has been done based on predefined tank typicals (cone roof tank, cone roof tank with inner float, tank with outer float and tank with outer float and dome), typicals for water- and landside loading and unloading (barge/sea-going vessels, railcars and trucks) and for terminal piping.
Besides scenarios for these typicals, specific scenarios are developed in relation to activities that can be performed within a tank such as mixing, adding additives and butanising.
How the risk should be managed
A second new element for the PGS new style, besides the use of scenarios, is the way the requirements are structured through a combination of goal-based requirements and prescriptive requirements.
First level of requirements are the goal based requirements, the so-called ‘Doelen’ (objectives). Per scenario, the different objectives for managing that scenario are formulated. When translated to the BowTie methodology, the objectives are synonym with the barriers.
Example – Overfilling scenario:
Objective 1 – Ullage control
Ensure remaining capacity within tank is sufficient for the planned manipulation, includes the plan for switching to another tank during manipulation when required.
Objective 2 – Alarms and operator action
Operational level control during filling of the tank to prevent the filling of the tank above the high level.
Objective 3 – Independent overfill protection
Independent overfill protection on high-high level to prevent the overflowing of the tank.
These objectives describe the different barrier functions that should be in place to prevent a scenario from happening or to mitigate the consequences of the scenario when it happens.
The second level of requirements are the so-called ‘maatregelvoorschriften’ (prescriptive requirements). Where the objectives describe the ‘what’, prescriptive requirements are describing the ‘how’. Or in BowTie terms, the barrier elements. Distinction is made between primary requirements describing required items or equipment, and secondary requirements that support the primary requirements.
For example, a primary requirement to prevent escalation of a fire is to have a stationary tank cooling system for certain type of tank/product combinations. Secondary requirements supporting this are requirements for the capacity of the tank cooling system and for testing and maintenance of the tank cooling system.
This structure also provides a framework where alternatives for the (prescriptive) requirements can be acceptable, as long as the objectives for each of the scenarios are met.
Although the PGS 29 new style is still under development, it is already possible to draw the conclusion that the PGS 29 wile become much more relevant for storage terminals.
All requirements within the current PGS 29 are really challenged in relation to the scenario they belong to. It looks like certain requirements will be removed because they are not managing a risk that is relevant for the PGS 29.
Other requirements are going to be rewritten because the scenario was not properly addressed by the requirement, e.g. it is too limited in respect to the scenario, or it needs to be re-worded to obtain a proper linkage from scenario to objective to requirement.
But also, most likely new requirements will be defined for scenarios currently not sufficiently addressed or are not addressed at all.
And finally, the PGS 29 new style will have a much better alignment with current operational risk management practices within storage terminals. Instead of a set of disconnected requirements the PGS 29 new style provides a structured approach for managing the risks. It can be used as starting point for describing the storage terminal specific scenario’s and how these are managed.
van Aggelen will be speaking more about the new structures for PGS 29 on the third day of the StocExpo Europe conference on March 22. For more information, and to register to visit, visit www.stocexpo.com.