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Latest storage news


Terminal News
April 4, 2018
HES International to be acquired by infrastructure funds
HES Wilhelmshaven Tank Terminal
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...

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HES Wilhelmshaven Tank Terminal

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.'



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Terminal News
April 4, 2018
Fujairah: Oil product stocks drop 0.4% on week
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...

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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.



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Terminal News
March 28, 2018
Exclusive interviews with BPGIC, Renish Group & Indian Strategic Petroleum Reserves…
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...

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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.



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Terminal News
March 28, 2018
Approval granted for Nieuwe Waterweg & Botlek deepening
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...

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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.'



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Terminal News
March 26, 2018
MoU established for ethylene export storage terminal
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...

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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.'



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Terminal News
March 26, 2018
Port of Corpus Christi approve lease agreement for new storage terminal
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...

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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.'



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Terminal News
March 26, 2018
New Muscat-Sohar pipeline & Oman terminal inaugurated
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...

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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.'



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Terminal News
March 26, 2018
Fujairah: Oil product stocks rise 10.4% on week
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...

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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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Terminal News
March 19, 2018
Tank Storage Intelligence launched by Tank Storage Magazine
Tank Storage Magazine is proud to launch Tank Storage Intelligence, the all-new central information portal for everything relating to tank storage. Industry professionals can now read market analysis, search for available storage capacity, view a comprehensive list of equipment suppliers and much more, all on one easy-to-use website...

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Tank Storage Magazine is proud to launch Tank Storage Intelligence, the all-new central information portal for everything relating to tank storage.

Industry professionals can now read market analysis, search for available storage capacity, view a comprehensive list of equipment suppliers and much more, all on one easy-to-use website.

In an industry where there’s so many different stakeholders, Tank Storage Intelligence brings everything together.

Subscribers can find information on top terminals around the globe, read exclusive terminal interviews, see updates on which terminals are being built or expanded and find out more about the most recent mergers and acquisitions. Tank Storage Intelligence subscribers can also search a back catalogue of issues of Tank Storage Magazine spanning the last 10 years.

The real-time storage capacity finder allows users to quickly and easily search for available storage tanks by region and capacity, as well as types of products being stored, & when the tanks will be available.

Contact information found in the Suppliers Directory helps terminals source, build, maintain & upgrade their facilities. Equipment suppliers have complete control of their own listings and can add & amend listings easily, ensuring the directory is always up to date. Enhanced, platinum listings provide additional information including product photographs, sales & marketing collateral, videos, logos press releases and contact information, helping terminal operators differentiate between suppliers.

The Health, Safety, Environment & Quality section provides information on the latest regulations and standards impacting the tank storage sector.

A comprehensive list of events & training courses ensures users never need to look anywhere else. Training providers update their own listings ensuring dates & locations are always correct.

With Tank Storage Intelligence being marketed to over 80,000 industry contacts worldwide, the highly targeted jobs board provides the ideal way of connecting recruiters with potential candidates.

Members of the Global Tank Storage Association benefit from a special discounted subscription price to Tank Storage Intelligence of just €300 a year or €999 for unlimited company use.

This includes full access to the entire website, as well as a hard copy subscription to Tank Storage Magazine’s seven editions a year and a free copy of the Independent Tank Terminal Map. The map lists the location, capacity, products stored and number of tanks at over 1500 independent terminals around the globe.

For a video tour of Tank Storage Intelligence website please click here: http://www.tankstoragemag.com/videos/

Find out more information or to subscribe contact: Richard Perry, Subscriptions Manager, Richard@tankstoragemag.com, +44 (0) 20 3196 4403 or see for yourself at www.tankstorageintelligence.com



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Terminal News
March 16, 2018
Energy Transfer announces new ethane export storage terminal
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...

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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.



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Terminal News
March 15, 2018
New Singapore naphtha storage terminal opened
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...

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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.'



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Terminal News
March 15, 2018
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...

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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.



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Terminal News
March 14, 2018
Summit Power & Mitsubishi sign MoU for LNG terminal
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...

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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.'



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Terminal News
March 13, 2018
PGS 29: New risk-based Dutch regulations for storage terminals
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...

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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.

Operational relevance

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.



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Terminal News
March 12, 2018
NGL Energy & Magnum Liquids announce storage JV
NGL Energy Partners and Magnum Liquids have formed a JV focusing on the storage of natural gas liquids and refined products.The JV combined NGL's Sawtooth storage facility, a natural gas liquids storage facility with 6.1 million barrels of capacity in five existing salt caverns, with Magnum's refined products rights and adjacent leasehold...

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NGL Energy Partners and Magnum Liquids have formed a JV focusing on the storage of natural gas liquids and refined products.

The JV combined NGL's Sawtooth storage facility, a natural gas liquids storage facility with 6.1 million barrels of capacity in five existing salt caverns, with Magnum's refined products rights and adjacent leasehold.

NGL will sell an interest in Sawtooth to Magnum for $45 million in cash due at closing.

Magnum will contribute its right, title and interest in certain leasehold and other assets located at the site, which will be utilised to expand Sawtooth's existing operations and allow for the addition of refined products storage at the facility.

NGL will own approximately 67.6% of the joint venture and Magnum will own the remaining 32.4% at closing.

Mike Krimbill, NGL's CEO: 'We are very excited to bring together NGL's Sawtooth natural gas liquids storage asset with the refined products storage rights and commercial expertise of the Magnum team.

'This new joint venture will allow Sawtooth to utilise existing capacity to store refined products with very minimal capital requirements. It will also accelerate the earnings potential and broaden the scope of services offered at the facility.'



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