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Latest storage news


Terminal News
April 10, 2018
Dialog launches third phase of Pengerang terminal complex
Dialog Group has entered into an MoU with Johor state officials to invest RM2.5 billion into the third phase of its Pengerang Deepwater Terminal.As part of the memorandum of understanding with the Johor state government and Johor State Secretary (JSS), the company will hold an indirect 80% stake in Pengerang CTF, which will be responsible for the works...

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Dialog Group has entered into an MoU with Johor state officials to invest RM2.5 billion into the third phase of its Pengerang Deepwater Terminal.

As part of the memorandum of understanding with the Johor state government and Johor State Secretary (JSS), the company will hold an indirect 80% stake in Pengerang CTF, which will be responsible for the works. The remaining 20% will be held by JSS-unit Permodalan Darul Ta'zim.

The third phase of the project will be built on a 300-acre parcel of land yet to be reclaimed next to phase 2. It will comprise common tankage facilities and deepwater marine facilities, development of more petroleum and petrochemical storage terminals for medium to long-term customers and the development of industrial land for further downstream oil and gas related activities. It is expected to take 22 months to complete.

Dialog Group executive chairman Tan Sri Dr Ngau Boon Keat is quoted by local media saying: 'I hope with the launch of the third phase of the project, we will be able to attract another refinery and petrochemicals complex, which will enable Pengerang to turn into a huge petroleum downstream manufacturing centre.

'This will in turn attract Organisation of Economic Cooperation and Development countries to use its storage facilities as a strategic oil reserve hub given its strategic location in the Asia-Pacific.'



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Terminal News
April 6, 2018
Sunoco buys storage terminals from Superior Plus
Sunoco has agreed to acquire Superior Plus' wholesale fuel distribution business and three storage terminals.The assets, which Sunoco will purchase for approximately $40 million, comprise 100 dealers, several hundred commercial contracts and three terminals, which are connected to major pipelines serving the upstate New York market...

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Sunoco has agreed to acquire Superior Plus' wholesale fuel distribution business and three storage terminals.

The assets, which Sunoco will purchase for approximately $40 million, comprise 100 dealers, several hundred commercial contracts and three terminals, which are connected to major pipelines serving the upstate New York market.

The wholesale fuels business sells 200 million gallons of fuel annually through multiple channels. The three terminals have 17 tanks with 429,000 barrels of storage capacity.

Sunoco says the acquisition is consistent with its strategy of utilising its scale to grow the core fuel distribution business and adding fee-based refined product terminals into the overall portfolio. The acquisition is expected to close later in April.



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Terminal News
April 6, 2018
Buckeye expands logistics hub with extra storage
Buckeye Partners will invest $80 million to expand its Chicago Complex with more storage, blending capabilities and expansion of an existing truck rack.The project, which is Buckeye's key logistics hub in the Midwest, is backed by a long-term agreement with BP Products North America...

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Buckeye Partners will invest $80 million to expand its Chicago Complex with more storage, blending capabilities and expansion of an existing truck rack.

The project, which is Buckeye's key logistics hub in the Midwest, is backed by a long-term agreement with BP Products North America. It will further expand storage, component blending, throughput capacity and service capabilities to support BP's growing needs.

The expansion includes an extra 600,000 barrels of additional product blending tankage as well as the build-out of an existing truck rack.

Currently, the complex serves nearly 70 different customers with 6.8 million barrels of storage capacity.

Robert Malecky, executive vice president and president of domestic pipeline and terminals, says: 'This is a meaningful win for Buckeye and demonstrates the value in the position and flexibility of our assets to enable a broad range of both operational and trading capabilities.

'This project will further enhance the liquidity of the Chicago Complex and continues to solidify our position at the premier storage and trading facility in the Chicago area.

'We believe the Midwestern refining industry is materially cost-advantaged to certain of its competitors in other parts of the country and poised for continued growth and investment. Our teams expect this expansion to be the first phase of additional growth because of these dynamics and will continue to work with other customers with similar interest.'



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Terminal News
April 5, 2018
Work starts on Nigerian storage terminal
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...

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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.



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Terminal News
April 5, 2018
Crude oil tanks under construction in Jask
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...

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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.



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Terminal News
April 5, 2018
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...

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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.



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Terminal News
April 5, 2018
Fujairah: Oil product stocks fell 5.5% on week
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...

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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.



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Terminal News
April 4, 2018
Keyera & Encana to develop liquids hub
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...

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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.'



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Terminal News
April 4, 2018
New fuel oil storage terminal planned for Fujairah
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...

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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.



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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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