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Latest storage news


Terminal News
June 26, 2019
Saudi Aramco signs 12 agreements to expand crude oil supply to Asia
Saudi Aramco has signed 12 agreements with major South Korean companies to expand international operations and support the region's energy security with the expansion of Arabian crude oil supply to Asian markets.The agreements, which includes plans to explore further crude oil storage in South Korea, are part of the company's long-term downstream growth and diversification strategy...

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Saudi Aramco has signed 12 agreements with major South Korean companies to expand international operations and support the region's energy security with the expansion of Arabian crude oil supply to Asian markets.

The agreements, which includes plans to explore further crude oil storage in South Korea, are part of the company's long-term downstream growth and diversification strategy.

Some of the agreements comprise:

Hyundai Heavy Industries

• An agreement between Saudi Aramco, Hyundai Heavy Industries and the Saudi Arabian Industrial Investments Company will establish a joint venture for a world class engine manufacturing and aftersale facility in Saudi Arabia.

• An MoU between Saudi Aramco and HHI to extend the collaboration to develop refining and petrochemicals

Hyundai Oilbank

• A crude oil sales agreement between Saudi Aramco and Hyundai Oilbank for Saudi Aramco to supply Arabian crude oil to Hyundai Oilbank

• Aramco Trading Company signed a crude oil agreement to supply non-Arabian crude oil to Hyundai Oilbank

Korea National Oil Corporation

• An MoU between Saudi Aramco and Korea National Oil Corporation that will allow Saudi Aramco to explore the potential of crude oil storage in South Korea to complement its marketing and supply activities

GS Holdings

• An MoU between Saudi Aramco and GS Holdings to identify specific investment opportunities in Saudi Arabia

Daelim Industrial

• The companies are collaborating on petrochemical projects and signed a new MoU to foster collaboration on value-added chemical products in Saudi Arabia.

Amin Nasser, Saudi Aramco president and CEO, says: 'Today's agreements mark a new era of cooperation with our Korean partners who will play an increasingly important role in our strategy to capitalize on new initiatives that include long-term energy supply, maritime and infrastructure development and breakthrough research and development in the automotive, crude to chemicals and non-metallic sectors.'



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Terminal News
June 26, 2019
District court dismisses claims against Kinder Morgan pipeline project
Travis County District Court has dismissed all claims made against Kinder Morgan's Permian Highway Pipeline project.The project is a $2 billion project that will help provide the infrastructure needed to allow further development of the Permian Basin in West Texas by providing an outlet for increased Permian natural gas production to growing market areas along the Texas Gulf Coast and Hill Country area...

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Travis County District Court has dismissed all claims made against Kinder Morgan's Permian Highway Pipeline project.

The project is a $2 billion project that will help provide the infrastructure needed to allow further development of the Permian Basin in West Texas by providing an outlet for increased Permian natural gas production to growing market areas along the Texas Gulf Coast and Hill Country area.

The district court ruled that the Texas Railroad Commission is not required to set standards for routing the pipelines or private land-takings. The decision removes a challenge to the state's licensing process that lets gas pipeline companies determine their own route and acquire land without a landowner's consent.

Kinder Morgan says that the route has been carefully evaluated to minimise potential impacts to the environment and landowners, while also being cost-effective and constructible.

Tom Martin, president of natural gas pipelines for KMI, says: 'Kinder Morgan is very pleased with the ruling made by the Travis County District Court. The court's finding validates the process established in Texas for the development of natural gas utility projects, as well as the steps we have taken to comply with that process. We will continue to engage all stakeholders as we work to complete PHP.'

Once complete the pipeline project will transport up to 2.1 billion cubic feet per day of dry natural gas through 430 miles of 42-inch pipeline from the Waha, Texas area to the Katy, Texas area, Texas Gulf Coast markets and Hill Country area.



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Terminal News
June 26, 2019
German LNG Terminal starts EPC prequalification process
German LNG Terminal has started the engineering, procurement and construction prequalification process for its LNG terminal project in Brunsbuettel, northern Germany.Potential EPC contractors announcing their interest to participate in the project on or before July 1, 2019 will receive a pre-qualification package...

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German LNG Terminal has started the engineering, procurement and construction prequalification process for its LNG terminal project in Brunsbuettel, northern Germany.

Potential EPC contractors announcing their interest to participate in the project on or before July 1, 2019 will receive a pre-qualification package.

Binding offers will have to be prepared and submitted by pre-qualified bidders between August and October 2019. The winning bidder(s) will be announced during the first quarter of 2020, followed by the release of an early notice to proceed to commence scheduled early activities.

The terminal project is a joint venture between Vopak, Gasunie and Oiltaking. The consortium plans to build, own and independently operate a combined import and distribution LNG terminal in Brunsbuettel. The terminal will provide multi-purpose services as well as open access to terminal capacity.

The market's reaction to the Brunsbuettel terminal project has been positive with interest from future customers reflected in the execution of several Heads of Agreements. The application for exemption from regulated third party access and the permit application are based on 8 bcma terminal capacity.



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Terminal News
June 25, 2019
Qatar Petroleum & Chevron Phillips to build new petrochemicals complex
Qatar Petroleum and Chevron Phillips Chemical Company will develop and construct a new petrochemicals complex in Ras Laffan Industrial City.The new complex will have an ethane cracker with a nameplate capacity of 1.9 million tonnes of ethylene per annum, making it the largest ethane cracker in the Middle East and one of the largest in the world...

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Qatar Petroleum and Chevron Phillips Chemical Company will develop and construct a new petrochemicals complex in Ras Laffan Industrial City.

The new complex will have an ethane cracker with a nameplate capacity of 1.9 million tonnes of ethylene per annum, making it the largest ethane cracker in the Middle East and one of the largest in the world. It will also include two high-density polyethylene derivative units, which will raise Qatar's current polyethylene production capacity by 82% by the fourth quarter of 2025.

A new joint venture company has been established, with Qatar Petroleum owning a 70% interest and Chevron Phillips Chemical Company owning a 30% interest.

His Excellency Saad Sherida Al-Kaabi says: 'This project will optimise the utilisation of ethane produced projects. It will also consolidate Qatar's position among the world's leading petrochemicals producers and complement our efforts to further expand our footprint in the global petrochemicals market.

'This major project will provide excellent opportunities for Qatar's private sector to contribute to the development of our oil and gas sector and will generate significant revenues that will support the further development of our economy and the well-being of all people living in Qatar.'

The engineering design of the project should start shortly, with a planned start-up in late 2025.



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Terminal News
June 24, 2019
Consortium announce FID for Mozambique LNG project
Anadarko Petroleum and the co-ventures in Mozambique's offshore area 1 have announced a FID on the Anadarko-led Area 1 Mozambique LNG project.The Anadarko-led Area 1 Mozambique LNG project will be the country's first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12...

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Anadarko Petroleum and the co-ventures in Mozambique's offshore area 1 have announced a FID on the Anadarko-led Area 1 Mozambique LNG project.

The Anadarko-led Area 1 Mozambique LNG project will be the country's first onshore LNG development, initially consisting of two LNG trains with total nameplate capacity of 12.88 million tonnes per annum to support the development of the Golfinho/Atum fields located entirely within Offshore Area 1. The project has successfully secured in aggregate 11.1 mtpa of long-term LNG sales with key LNG buyers in Asia and in Europe.

The project will be responsible for constructing the support facilities to be shared between Area 1 and Area 4 projects, which will include the materials offloading facility and the LNG marine terminal.

His Excellency President Filipe Nyusi said at the ceremony that it is one of the most important and transformation projects in Mozambique's history.

Anadarko chairman and CEO Al Walker adds: 'This brings us a step closer to making Mozambique's first onshore LNG facility a reality.

'As the world increasingly seeks cleaner forms of energy, the Anadarko-led Area 1 Mozambique LNG project is ideally located to meet growing demand, particularly in expanding Asian and European markets.'

The next step will be the issuing of notices to proceed under the previously executed ECP and installation contracts.



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Terminal News
June 24, 2019
Government of Canada approves Trans Mountain expansion project
The Government of Canada has approved the Trans Mountain Expansion project following a report from the National Energy Board and a re-initiated consultation process.In September 2018, the Federal Court of Appeal overturned a decision by Canada's National Energy Board to approve the Trans Mountain pipeline expansion...

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The Government of Canada has approved the Trans Mountain Expansion project following a report from the National Energy Board and a re-initiated consultation process.

In September 2018, the Federal Court of Appeal overturned a decision by Canada's National Energy Board to approve the Trans Mountain pipeline expansion. In the 10 months since the decision Trans Mountains and its partners have been continuing to advance necessary design and planning work.

Speaking of the approval of the project Ian Anderson, president and CEO of Trans Mountain, says: 'Today's announcement confirms the value of this project to Canada's economic future. It is also a vote of confidence in the ability of a project of this magnitude to succeed. This is a major milestone, not only for us, but more importantly for the shippers, communities, workers, local businesses and Indigenous peoples who have been involved in the development of the project and are waiting to share its success.

'It is the culmination of a lengthy and thorough review that considered the thousands of hours of environmental and technical studies, scientific evidence and meaningful engagement that were part of the comprehensive assessment.'

Bill Morneau, minister of finance, adds: 'By proceeding with the Trans Mountain expansion project, we are putting Albertans – and all Canadians – in the best position to succeed. The revenues that will come from getting Canada's resources to global markets will create jobs, grow the economy, and allow us to invest in new ways to reduce emissions and protect the environment.'

The next steps in the project include the granting of the project's CPCN by the National Energy Board. The company also expects an NEB process to reinstate the record from the previous regulatory proceeding and Trans Mountain will request that the project be brought back to the same state of construction readiness that it was prior to the Federal Court of Appeal decision.



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Terminal News
June 20, 2019
Converge Midstream has completed the acquisition of the assets of Fairway Energy Partners, including 6.5 million barrels of crude oil storage capacity. On 26 November, 2018, Fairway filed for bankruptcy. On 10 April, 2019, Riverstone Credi, of which Converge Midstream is affiliated with, emerged as the successful bidder for the Fairway assets, in an auction that saw bids from ExxonMobil Pipeline Company, Enterprise Products Operating, Magellan Crude Oil Pipeline Company, and Sullivan Brothers Investments...

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Converge Midstream has completed the acquisition of the assets of Fairway Energy Partners, including 6.5 million barrels of crude oil storage capacity.

On 26 November, 2018, Fairway filed for bankruptcy. On 10 April, 2019, Riverstone Credi, of which Converge Midstream is affiliated with, emerged as the successful bidder for the Fairway assets, in an auction that saw bids from ExxonMobil Pipeline Company, Enterprise Products Operating, Magellan Crude Oil Pipeline Company, and Sullivan Brothers Investments.

This acquisition has repositioned the assets for future growth. Converge is now uniquely suited to act as a major hub to shippers and other operators looking to move multiple grades of crude oil in and out of Houston. The company will be led by Dana Grams, CEO; Robert Flavin, CFO; and James Scandola, COO.

The Converge assets include:

  • 6.5 million bbls of crude oil storage capacity (with the ability to grow to 19 million bbls) on the Pierce Junction Salt Dome located at the city-gate entrance to the Houston Ship Channel;
  • Dual 24 inch bi-directional pipelines running between Genoa and Speed Junctions with potential connectivity to the Houston Ship Channel and other major export terminals; and
  • Right-of-way agreements and other assets forming the footprint of an integrated crude oil terminal poised to service the Houston area export markets.

Pierre F. Lapeyre, co-Founder of Riverstone Holdings, says: ‘Our credit platform, Riverstone Credit, first became involved with Fairway as a lender. As an institution, we were drawn to the asset footprint and its strategic position in providing access to the Houston market and surrounding export hubs. As an owner of many upstream and midstream businesses in the major North American basins, we have experienced first-hand the push of barrels that need to make their way to Houston and onwards to the export market. We are excited to now own and operate these assets under the leadership of Dana Grams and his team, bringing both capital and the complementary businesses of the Riverstone platform to help grow the Converge business.’

Dana Grams, CEO of Converge Midstream, adds: ‘Riverstone Holding’s reputation and financial strength provides Converge an advantage to further develop the geographical reach of our pipeline system, allowing us to access new supply sources and exports facilities in the Houston Ship Channel market area. We have already begun to solicit the network of relationships within the Converge and Riverstone families. We intend to position Converge as an integral trading and storage hub, facilitating large scale movements of crude oil to address the increasing demand for exports from the Houston Ship Channel and beyond.’



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Terminal News
June 18, 2019
Standic to build $200 million chemical storage terminal in Antwerp
Standic will build a new chemical storage terminal in Port of Antwerp, doubling its capacity in the port.In addition to its current terminal in Dordrecht, the Netherlands, Standic will build a new storage terminal in the 5th Haven dock in the Port of Antwerp with an initial capacity of around 95,000 m3 and a potential total capacity of 230,000 m3...

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Standic will build a new chemical storage terminal in Port of Antwerp, doubling its capacity in the port.

In addition to its current terminal in Dordrecht, the Netherlands, Standic will build a new storage terminal in the 5th Haven dock in the Port of Antwerp with an initial capacity of around 95,000 m3 and a potential total capacity of 230,000 m3.

The facility will be fully automated, with built-in sustainability features such as onshore power for ships moored at the terminal, to meet the requirements of the customer.

Ronald Ooms, managing director of Hametha group, which owns Standic, says: 'Port of Antwerp is known as one of the largest maritime clusters in the world, which is why we chose it for our expansion.

'We aim to build on our success with chemical storage and further expand it. In Antwerp we will be able to further develop in the niche market of more specialized chemicals and serve our customers from all over the world.'

The terminal, which will have an investment of €200 million, will focus on niche chemical markets and distribution of chemical products with tanks varying in size from 500 m3 to 3,500 m3.

Large chemical tankers will be able to reach the terminal easily thanks to the favourable depth in the port. In addition to its accessibility by water, the location is also very favourable for rail transport.

William Demoor, customer relations manager at the Port of Antwerp, says: 'The new Standic terminal will further boost the synergy between the various industrial companies in the port, thus helping to make logistic operations and processes even more cost-efficient. Furthermore, the location is ideal for multimodal access, a key factor for sustainable distribution of chemicals.'

Hand-over is planned for the first quarter of 2021.



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Terminal News
June 17, 2019
New petroleum storage terminal inaugurated in Jordan
A $210 million petroleum storage terminal financed by the Abu Dhabi Fund for Development has been officially opened.With a holding capacity of 356,000 tonnes, the project includes the construction of 22 storage facilities for light petroleum products including LPG as well as petroleum derivatives including diesel, gasoline and jet fuel...

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A $210 million petroleum storage terminal financed by the Abu Dhabi Fund for Development has been officially opened.

With a holding capacity of 356,000 tonnes, the project includes the construction of 22 storage facilities for light petroleum products including LPG as well as petroleum derivatives including diesel, gasoline and jet fuel. The terminal is also fitted-out with loading and unloading areas for tanks as well as a water treatment system.

The funding for the project was made as part of the UAE government's contribution of $1.25 billion in 2013 to the Gulf Development Fund – a AED5 billion programme between the GCC member countries to finance development projects in Jordan.

His Excellency Mohammed Saif Al Suwaidi, director general of ADFD, says: 'The UAE and Jordan enjoy historic bilateral relations. The UAE leadership is committed to providing all forms of support to Jordan towards achieving comprehensive development in the country.

The petroleum storage facilities project in Jordan has important economic development benefits. Apart from upgrading the oil sector infrastructure, it is designed to help the Jordanian government address challenges in achieving energy self-sufficiency and securing strategic reserves of petroleum derivatives.'

Her Excellency Hala Zawati, the Jordanian minister of energy and mineral resources, highlighted the importance of the petroleum storage facilities project, noting its storage capacity in ensuring the supply and security of oil derivatives. She added that the petroleum storage facilities project provides storage units to maintain a reserve of petroleum products sufficient for 60 days of domestic consumption across Jordan. The project will enhance Jordan's oil security and infrastructure.



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Terminal News
June 14, 2019
ExxonMobil & SABIC to build chemical facility & steam cracker
ExxonMobil and SABIC will proceed with the construction of a chemical facility and a 1.8 million metric tonne ethane steam cracker in Texas.The Gulf Coast growth ventures project received final environmental regulatory approval in June 2019 to build an ethane steam cracker, two polyethylene units and an monoethylene glycol unit...

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ExxonMobil and SABIC will proceed with the construction of a chemical facility and a 1.8 million metric tonne ethane steam cracker in Texas.

The Gulf Coast growth ventures project received final environmental regulatory approval in June 2019 to build an ethane steam cracker, two polyethylene units and an monoethylene glycol unit. Construction work will start in the third quarter of 2019 and startup is expected by 2022.

Project construction will be led by four primary EPC companies: The Wood Group, McDermott & Turner Industries Group, Chiyoda & Kiewit and Mitsubishi Heavy Industries & Zachry Group.

Darren Woods, chairman and CEO of ExxonMobil, says: 'Building the world's largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly growing Permian production gives this project significant scale and feedstock advantages.

'It is one of several key projects that provide the foundation for significantly increasing the company's earnings potential.'

SABIC vice chariman and CEO Yousef Al-Benyan adds: 'SABIC is very pleased to move forward on this joint venture with ExxonMobil – the first to be operated outside of Saudi Arabia.

'This project will not only increase global diversification for our company but will also continue to create value within our new home of San Patricio County through creating jobs and supporting economic growth.'



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Terminal News
June 14, 2019
Two tankers attacked in Gulf of Oman
Picture credit: ISNA/Handout via REUTERS
Two tankers operated by Frontline and Bernhard Schulte have been attacked and have suffered damage while transiting waters in the Gulf of Oman.According to various news agencies, Frontline's 110,0oo-dwt LR2 Front Altair, carrying naphtha, was hit by 'surface attacks' on Thursday (June 13) resulting in a large fire that forced the crew to evacuate...

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Picture credit: ISNA/Handout via REUTERS

Two tankers operated by Frontline and Bernhard Schulte have been attacked and have suffered damage while transiting waters in the Gulf of Oman.

According to various news agencies, Frontline's 110,0oo-dwt LR2 Front Altair, carrying naphtha, was hit by 'surface attacks' on Thursday (June 13) resulting in a large fire that forced the crew to evacuate.

Bernhard Schulte's chemical tanker Kokuka Courageous was also hit. The company stated that the hull was breached above the water line and that all crew were evacuated. The vessel is now being towed towards Khor Fakkan, in the UAE, with the crew on board.

The attacks follow a month after four tankers were attacked in waters just off Fujairah. The vessels, which included a VLCC and a LR2 belonging to Bahri, were struck on May 12.

The exact cause of the attacks on the Kokuka Courageous and Front Altair are unknown, however the US has blamed Iran, with Iran saying the accusations are unfounded.



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Terminal News
June 14, 2019
Howard Energy completes Corpus Christi & Port Arthur storage expansions
Howard Energy Partners has completed the expansions of its storage terminal facilities in Port Arthur and Corpus Christi, Texas. The completion of these projects increases the company’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day, and direct pipeline connectivity through wholly owned pipelines to seven refineries...

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Howard Energy Partners has completed the expansions of its storage terminal facilities in Port Arthur and Corpus Christi, Texas.

The completion of these projects increases the company’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day, and direct pipeline connectivity through wholly owned pipelines to seven refineries.

Brad Bynum, co-founder and president, says: ‘The substantial expansions at our Port Arthur and Corpus Christi facilities signify HEP’s commitment to designing and constructing fully-engineered facilities that are tailored to meet the exact needs of our customers.

‘We currently have more than 470 acres for additional Gulf Coast expansion projects, including significant water frontage. We will continue to work closely with our customers to understand their needs and evaluate growth projects that create beneficial results for all participants within the supply chain.’

The Port Arthur facility, strategically located on 450 acres of land on Taylor Basin and Taylor Bayou, and expansion comprised 12 new tanks, four butane bullets, two barge docks, one ship dock and a 6.5-mile, bidirectional pipeline. The company will now be able to blend gasoline with up to six separate components at delivery rates of up to 40,000 barrels per hour, to meet specific regional and international quality specifications.

With the completion of this work, Port Arthur now comprises 16 tanks with 1.35 million barrels of storage capacity, with 8.8 miles of rail track and four butane bullets.

The company recently contracted with an existing customer to load additional unit trains at their Corpus Christi bulk liquids terminal facility, bound for new destinations in Mexico.

As part of the contract, HEP is acting as an agent to assist with oversight of the engineering, procurement and construction of a new receiving terminal in northern Mexico. Once completed later this year, the new receiving terminal will increase the utlisation of HEP’s 65,000 barrel per day rail loading facility.

Located within the Port of Corpus Christi, HEP’s terminal facility currently consists of six tanks with 480,000 barrels of storage capacity, a MR Class ship dock, a 12-inch pipeline with connectivity to six local refineries, and unit train loading facilities capable of loading one-unit train per day.

Howard Energy Partners explains more about the expansion projects and its future development plans in an exclusive interview in the June/July edition of Tank Storage Magazine



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Terminal News
June 13, 2019
Fujairah: Oil product stocks down 0.5%
As of Monday, June 10 total oil product stocks in Fujairah stood at 23.889 million barrels falling 117,000 barrels week on week. Overall product stocks fell by 0.5% with draw downs in both middle and heavy distillate stocks, while stocks of light distillates saw a small build...

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As of Monday, June 10 total oil product stocks in Fujairah stood at 23.889 million barrels falling 117,000 barrels week on week. Overall product stocks fell by 0.5% with draw downs in both middle and heavy distillate stocks, while stocks of light distillates saw a small build.

Stocks of light distillates rose by 319,000 barrels reflecting a build of 3.2% week on week. Total volumes stood at 10.154 million barrels. The gasoline market East of Suez remained well supplied despite discussion of run cuts by refiners in Asia, sources noted. 'The near term outlook looks bearish. If China keeps exporting more gasoline in the market, eventually we are going to see the market get even weaker than it is now,' a source said. The 92 RON physical gasoline crack to front month ICE Brent futures stood at $2.93/b on Tuesday, reflecting a rise of 18 cents/barrel week on week.

Stocks of middle distillates fell by 8.7% falling 191,000 barrels to stand at 2 million barrels at the start of the week. This is the lowest level since the end of April when stock levels fell under 2 million barrels to stand at 1.992 million barrels. East of Suez saw a bearish sentiment for middle distillates due to a combination of ample supplies and weak demand. 'Demand isn’t that great for the time being,' a source said.

Stocks of heavy distillates fell 2.0%, dropping by 245,000 barrels on the week to stand at 11.735 million barrels. A fall in flat price for bunkers was seen as stimulating demand in Fujairah, a source noted. 'It's good, seeing big quantities now that market dropped [from previous day],' the source said. Fujairah delivered 380 CST bunkers were assessed at $385.75/mt on Tuesday, reflecting a $0.50/mt premium to Singapore delivered 380 CST bunkers.



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Terminal News
June 13, 2019
Shell to sell Martinez refinery to PBF
Equilon Enterprises, a subsidiary of Shell, will sell its Martinez refinery in California to PBF Holding for $1 billion.The sale for $1 billion includes the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments...

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Equilon Enterprises, a subsidiary of Shell, will sell its Martinez refinery in California to PBF Holding for $1 billion.

The sale for $1 billion includes the value of hydrocarbon inventory, crude oil supply and product offtake agreements, and other adjustments.

The divestment aligns with Shell's strategy to reshape refining efforts towards a smaller, smarter refining portfolio focused on further integration with Shell trading hubs, chemicals and marketing.

The transaction is expected to close in 2019.

John Abbott, Shell's downstream director, says: 'This deal is another step in our transformation to high-grade and optimise our portfolio to drive resilient returns.'



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Terminal News
June 12, 2019
Largest Nordics LNG storage terminal commissioned
The largest LNG storage terminal in the Nordics has been opened in Röyttä harbour, Tornio.The facility addresses the growing demand for low emission LNG and strengthens LNG's security of supply in the northern Nordics. The new terminal significantly enhances the area's competitiveness by ensuring the availability of energy that is affordable, how low emissions and can be used by the local industry, as well as maritime and heavy-duty traffic...

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The largest LNG storage terminal in the Nordics has been opened in Röyttä harbour, Tornio.

The facility addresses the growing demand for low emission LNG and strengthens LNG's security of supply in the northern Nordics. The new terminal significantly enhances the area's competitiveness by ensuring the availability of energy that is affordable, how low emissions and can be used by the local industry, as well as maritime and heavy-duty traffic.

The deployment of the new terminal will ensure shipments to northern Finland and Sweden. The terminal is the result of multiple companies working together for several years through Manga LNG, a joint venture consisting of Outokumpu and SSAB steel companies, EPV Energy and the energy company Gasum.

Kimmo Rahkamo, vice president, natural gas and LNG, Gasum, says: 'Tornio terminal is a ground-breaking collaboration between several companies and its opening is a long-awaited milestone for all of us. The deployment of the new LNG terminal significantly supports the emission goals of Finland, as well as the entire Nordics.

'The shift to cleaner fuel solutions is a worldwide trend that needs to be accelerated in every way possible. With the use of LNG, we reduce the local pollutant emissions of maritime and heavy-duty traffic, while keeping the industry of northern Finland competitive by offering energy that has low emissions and is affordable to the needs of different operators.'

Manga LNG CEO Mike Kolehmainen adds: 'Tornio's LNG terminal is the biggest in the Nordics. Previously, the only LNG terminal in Finland was in Pori – some 600 km to the south. The Tornio terminal is equipped with bunkering stations for LNG vessels, regasification equipment for LNG as well as a storage unit that is 50,000 m3 in volume.'



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Terminal News
June 11, 2019
Phillips 66 & Bridger Pipeline to build pipeline
Phillips 66 and Bridger Pipeline have formed a joint venture to build a $1.6 billion pipeline serving the Rockies and Bakken regions.The 24-inch Liberty Pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma...

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Phillips 66 and Bridger Pipeline have formed a joint venture to build a $1.6 billion pipeline serving the Rockies and Bakken regions.

The 24-inch Liberty Pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.

From Cushing, shippers can access multiple Gulf Coast destinations, including Corpus Christi, Ingleside, and Houston, Texas.

Liberty is underpinned with long-term shipper volume commitments. Initial service on the pipeline is targeted to start as early as the first quarter of 2021.

Greg Garlands, chairman and CEO of Phillips 66, says: 'The Liberty Pipeline presents us with a great opportunity to serve producers in the growing Bakken and Rockies production areas. The pipeline adds to our integrated infrastructure network that serves the key shale oil producing regions with connectivity to major Gulf Coast market centers. Our pipeline network has strategic alignment with our Central Corridor and Gulf Coast refineries, further enhancing value across our assets.'

President of Bridger Pipeline Hank True adds: 'The Liberty Pipeline is an important undertaking on the part of our company to ensure that oil from Wyoming, the Rockies and the Bakken can get to markets in the US and around the world.'

Phillips 66 will lead project construction for the joint venture and will operate the pipeline. The project is expected to cost $1.6 billion.



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