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Terminal News


Terminal News
August 2, 2018
Williams acquires midstream assets in Colorado
Williams has announced two midstream transactions for $1.173 billion that will result in its entry into Colorado's Denver-Julesburg Basin.Williams - a provider of large-scale infrastructure – and KKR plan to buy Discovery DJ Services from TPG Growth...

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Williams has announced two midstream transactions for $1.173 billion that will result in its entry into Colorado's Denver-Julesburg Basin.

Williams - a provider of large-scale infrastructure – and KKR plan to buy Discovery DJ Services from TPG Growth. Discovery is a Dallas-based provider of natural gas and oil gathering and natural gas processing services in the southern portion of Colorado's DJ Basin.

When the acquisition closes, which is expected in early August, Williams and KKR will own the entirety of the Discovery midstream business through a joint venture. Williams will be the operator of Discovery.

Discovery provides midstream services to producers drilling the prolific Niobrara and Codell stacked-pay zones of the basin. The system, strategically located in Weld and Adams countries in Colorado, includes both natural gas and crude oil gathering pipelines, cryogenic gas processing, liquids handling and crude oil storage.

The assets include 60 million cubic feet per day of gas processing capacity with an additional 200 million cubic feet per day plant that is fully permitted and under construction and is expected to be in service by the end of 2018.

The Discovery assets also include 130 miles of natural gas pipeline and 260,000 acres dedicated for gas gathering and processing plus an additional 60,000 acres for oil gathering.

Alan Armstrong, president and CEO of Williams, says: 'Adding the fast-growing Discovery midstream business, including sites with permitting underway for greater than 1 bcf/d of gas processing to our portfolio, follows our strategy of connecting the best supplies to the best markets.

This is a great opportunity to expand our asset footprint into a premium-growth basin and brings the benefits of the Williams capability suite to better serve producers in the DJ Basin.

'This transaction allows Williams to take advantage of synergies between the Discovery assets and our downstream business via the DJ Lateral of Overland Pass Pipeline. We will now have the opportunity to integrate output from these acquired assets with production from our existing processing footprint in the west segment into our advantaged downstream assets, including OPPL and the Conway fractionator and storage facilities.'



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Terminal News
August 2, 2018
Fujairah: Oil product stocks down 2.9%
Oil product stocks at the Middle East's key oil hub of Fujairah fell 2.9% in the week to Monday, July 30, slipping to a five-week low as light distillate inventories lost more ground. Total oil stocks sank to 18.739 million barrels, down 559,000 barrels from a week earlier, according to the Fujairah Energy Data Committee...

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Oil product stocks at the Middle East's key oil hub of Fujairah fell 2.9% in the week to Monday, July 30, slipping to a five-week low as light distillate inventories lost more ground.

Total oil stocks sank to 18.739 million barrels, down 559,000 barrels from a week earlier, according to the Fujairah Energy Data Committee.

The biggest decline was in light distillate stocks, which dropped 10.35% to 5.741 million barrels, the lowest since the start of the year, the data showed.

'Middle Eastern petrol demand appears steady, while African demand is picking up on the evidence of recent tender purchases from South Africa, Tanzania and Kenya,' S&P Global Platts Analytics said in a report Wednesday.

State-owned Kuwait Petroleum continued to be an active buyer of petrol seeking 25,000 mt of RON 91 petrol for delivery in late August via a tender closing this week, the reported added.

Spot premiums for Arab Gulf RON 95 petrol were at $3.95/b Tuesday.

Stocks of middle distillates also slipped 1.2% to 2.676 million barrels, an eight-week low.

'Arbitrage of jet fuel and gasoil to Europe could be complicated by the recent attack by Yemeni Houthi rebels against two Saudi crude tankers. The route to the Red Sea from the Indian Ocean passes through the Gulf of Aden and the narrow straits known as the Bab al-Mandab,' Platts Analytics said.

While there has been no sign of any impact to product tanker movements, the incident adds a further complication to already squeezed arbitrage flows. Jet cargoes have already been seen heading from the Middle East and India eastwards to Singapore instead of Europe.

Stocks of heavy distillates and residues rose 1.3% to 10.322 million barrels, staying above 10 million barrels for the second week in a row and hitting the highest since December 11.

The higher inventories in Fujairah are in contrast to Singapore, where residue stocks dropped to a 6 1/2-year low of 16.196 million barrels last week on continued low arbitrage supply. Fujairah bunker demand had a slight improvement compared to last week, with more buying inquiries emerging after the recent lull.



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Terminal News
August 1, 2018
LBC & Magellan announce Seabrook storage terminal expansion
LBC Tank Terminals and Magellan Midstream Partners are increasing crude oil and condensate storage & dock capabilities at Seabrook Logistics in the Houston Gulf Coast. Seabrook Logistics, owned equally by subsidiaries of Magellan and LBC, plans to construct nearly 111,000 m3 of additional crude oil and condensate storage in Seabrook, Texas as well as develop a new Suezmax dock with up to a 45-foot draft and 400,000 barrels per day of dock capacity...

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LBC Tank Terminals and Magellan Midstream Partners are increasing crude oil and condensate storage & dock capabilities at Seabrook Logistics in the Houston Gulf Coast.

Seabrook Logistics, owned equally by subsidiaries of Magellan and LBC, plans to construct nearly 111,000 m3 of additional crude oil and condensate storage in Seabrook, Texas as well as develop a new Suezmax dock with up to a 45-foot draft and 400,000 barrels per day of dock capacity.

Once the $120 million expansion is complete, Seabrook will own 490,000 m3 of storage, deep water access through and Aframax dock and Suezmax dock and connectivity to Magellan’s Houston crude oil distribution system.

It is expected to be operational by late 2019.

Michael Mears, Magellan’s CEO, says: ‘With increased crude oil production in the Permian Basin and other prolific regions, demand for crude oil storage and export capabilities continues to grow in the Houston Gulf Coast area.’

‘With the expansion of the Panama Canal and the growing role of the US in increased flows of oil, this is an important development for our project and for the success of our customers,’ says John Grimes, LBC’s group COO.

Export capabilities recently commenced for Seabrook Logistics, which currently operates 380,000 m3 of crude oil and condensate storage.



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Terminal News
August 1, 2018
Reach 10,000 terminal professionals with Tank Storage Magazine
Would you like to promote your company to 10,000 tank terminal professionals?The August/September edition of Tank Storage Magazine is one of the most important issues of the year, with distribution at no less than nine tank storage events worldwide. This is in addition to the magazine's usual independently audited postal distribution of 3,500 terminals across the globe...

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Would you like to promote your company to 10,000 tank terminal professionals?

The August/September edition of Tank Storage Magazine is one of the most important issues of the year, with distribution at no less than nine tank storage events worldwide.

This is in addition to the magazine's usual independently audited postal distribution of 3,500 terminals across the globe. In total this issue will be given to 10,000 industry professionals.

Event distribution includes:

• Tank Storage Asia, Singapore (exclusive delegate bag distribution)

• Tank Storage Association, UK

• API Tanks, Valves & Piping Conference & Expo, Seattle, US (delegate bag distribution)

• Asia Pacific Petroleum Conference (APPEC 2018), Singapore (delegate bag distribution)

• Gastech, Spain

• 8th Gulf Intelligence Energy Markets, Fujairah, UAE (exclusive delegate bag distribution)

• Bulk Liquid Storage Europe 2018, Spain

• EPCA Annual Meeting, Austria

• NISTM Conference & Expo, Texas

Articles within this issue include:

• Exclusive storage operator interviews, including a new storage project in Singapore as well as plans for a petrochemical hub in Malaysia

• A comprehensive overview of the tank terminal market in the region, including new construction projects as well as developments affecting the industry

• A look at the looming 2020 IMO sulphur fuel cap from a shipping and storage terminal perspective

• In-depth articles looking at Singapore's new Safety Case regime, hurricane preparation, tank level monitoring, fire safety, emissions, drones, process safety and cyber security threats

• Dedicated chemical storage supplement, including market analysis on the chemical storage sector as well as interviews with operators and ports – an added bonus to coincide with the issue bring distributed at the EPCA Annual Meeting in Vienna.

The deadline for this issue is the August 13th. To get involved in this bumper edition, contact David@tankstoragemag.com



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Terminal News
August 1, 2018
BP acquires BHP’s US oil and gas assets
BP has agreed to acquire a portfolio of unconventional oil and gas assets from BHP in a move that will upgrade and reposition its US onshore oil and gas business.The deal will bring BP extensive oil and gas production and resources in the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana...

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BP has agreed to acquire a portfolio of unconventional oil and gas assets from BHP in a move that will upgrade and reposition its US onshore oil and gas business.

The deal will bring BP extensive oil and gas production and resources in the Permian and Eagle Ford basins in Texas and in the Haynesville gas basin in Texas and Louisiana.

Under the terms of the agreement, BP America Production Company will acquire from BHP Billiton Petroleum 100% of the issued share capital of Petrohawk Energy Corporation – a wholly owned subsidiary of BHP - for $10.5 billion.

The transaction is expected to be complete by the end of October.

The assets include 470,000 net acres of licences, including a new position for BP in the Permian-Delaware basin, and two positions in the Eagle Ford and Haynesville basins. These have a combined production of 190,000 barrels of oil equivalent per day.

The acquisition will significantly increase the liquid hydrocarbon proportion of BP's production and resources in the US onshore, to around 27% of production and 29% of resources from the current 14% and 17% respectively.

Bob Dudley, BP group chief executive, says: 'This is a transformational acquisition for our Lower 48 business, a major step in delivering our upstream strategy and a world-class addition to BP's distinctive portfolio.



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Terminal News
July 31, 2018
Magellan to expand refined petroleum products pipeline system
Magellan Midstream Partners will expand the western leg of its refined petroleum products pipeline system in Texas.The company previously announced its plans to expand the capacity of this line segment to 150,000 barrels per day from its current capacity of 100,000 barrels per day...

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Magellan Midstream Partners will expand the western leg of its refined petroleum products pipeline system in Texas.

The company previously announced its plans to expand the capacity of this line segment to 150,000 barrels per day from its current capacity of 100,000 barrels per day. Based on additional committed volume received as part of its recent supplemental open season, Magellan now plans to expand this capacity to 175,000 barrels per day at a cost of $500 million.

The expanded capacity will handle incremental shipments of petrol and diesel fuel to demand centres in Abilene, Midland/Odessa and El Paso, Texas and New Mexico. The pipeline system can also access markets in Arizona and Mexico via connections to other pipelines.

The expansion will be accomplished by a combination of increased pipeline diameter along the existing route and construction of 140 miles of new pipe from Hearne to Alexander, Texas. Connectivity to the ExxonMobil Pipeline Company's terminal in Wink, Texas will also be added as part of the expansion.

It is expected to be available by mid-2020. The company says that construction of new refined products terminals in both Midland and the Delaware Basin remain under review.

Michael Mears, CEO, says: 'Magellan's expansion of our refined products pipeline system into West Texas provides our customers with continued flexibility to meet growing demand for petrol and diesel fuel in the region with supply from our Gulf Coast and Mid-Continent origins.

'Further, construction of the new pipeline segment between Hearne and Alexander has the strategic advantage of providing additional capacity along our extensive pipeline network to satisfy strong demand for refined products destined for the Dallas-Fort Worth metropolitan area.'



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Terminal News
July 31, 2018
How to protect storage terminals from cyber security threats
Sujith Panikkar, functional safety expert from HIMA Asia Pacific provides an overview of the functional safety standards that require facilities to consider cyber security threats, what operators need to know and how to ensure they are compliant SIS safety lifecycle management in the context of Singapore's safety case regimeThe Singapore safety case regime, which became law on 1st September 2017, places increased responsibility on operators to manage safety in their Major Hazards Installations (MHI), making use of best practices and standards to keep risk reduced to ALARP (as low as reasonably practicable) levels though out the lifecycle of the installation...

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Sujith Panikkar, functional safety expert from HIMA Asia Pacific provides an overview of the functional safety standards that require facilities to consider cyber security threats, what operators need to know and how to ensure they are compliant

SIS safety lifecycle management in the context of Singapore's safety case regime

The Singapore safety case regime, which became law on 1st September 2017, places increased responsibility on operators to manage safety in their Major Hazards Installations (MHI), making use of best practices and standards to keep risk reduced to ALARP (as low as reasonably practicable) levels though out the lifecycle of the installation.

The SIS (Safety Instrumented System) is a key active protection barrier in most process plants. Managing the SIS requires end users to follow the guidelines and principles detailed in the IEC 61511 standard (functional safety – Safety Instrumented Systems for the process industry sector).

It is also a requirement in the safety case to demonstrate how safety-related control systems have been designed and being operated and maintained to ensure safety and reliability. In this context the 'Safety Case Technical Guide' and the 'Safety Case Assessment Guide' published by the Singapore Ministry of Manpower - Major Hazards Department points to the IEC 61511 and Functional Safety Management for guidance.

The latest release of the IEC 61511 standard (Edition 2) in 2016 further emphasises the responsibility of end users to manage Safety Instrumented Systems (SIS) through the life cycle of the installation.

Security concerns

In the recent years, with increasing frequency of cyber-attacks on industrial installations, concerns regarding security of SIS installations have come to the fore creating additional challenges for end users.

Conventionally, the design of safety instrumented systems is based on identification of process safety hazards and putting in place safety instrumented protective functions to prevent consequences. This is usually approached by well-established methods for HAZOP/ SIL Classification.

It needs to be taken note that the process safety hazards analysis does not usually involve an evaluation of cyber-security vulnerabilities and threats. However, when a cyber-attack takes place on control and safety systems, the consequences can be quite similar to those arising from process safety hazards.

As evident from incidents like the Ukraine power grid outage in 2015, caused by hackers who managed to gain entry into the control systems unnoticed and then forced a blackout leaving over 230,000 residents without power or the STUXNET, in 2010, which affected nuclear facilities in Iran, the consequences of a cyber incident can be quite similar to that of a process safety incident with implications on people, environment and assets.

With cyber-attacks on industrial control and safety systems becoming a reality, operators of MHIs are now forced to examine a new scenario:

'Are safety instrumented systems responsible for protecting your MHI secure?'



Making safety instrumented systems secure


Ensuring security of safety instrumented systems requires a special strategy. This approach is based on three cardinal principles accruing from IEC 61508/ 61511 and IEC 62443 standards:

• Protection of safety functions: security effectively prevents negative influences of threats to SIS and their implemented safety functions

• Compatibility of implementations: security does not interfere with safety and vice versa

• Protection of security countermeasures: the safety implementations do not negatively compromise the effectiveness of security implementations

In order to ensure security of the SIS, there are well established approaches that involve the deployment of a cyber security lifecycle based on the guidelines of IEC 62443, using principles of defence-in-depth, segregation by zones and conduits etc.

To ensure the safety of Major Hazards Installations, operators now have a major task in hand: to review the architecture and design of their existing SIS protecting their installations to ensure these are secure as well.



Panikkar will be speaking more about functional safety standards and cyber security threats on the morning of the second day of the Tank Storage Asia conference. For more information, visit www.tankstorageasia.com.



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Terminal News
July 30, 2018
Eagle LNG opens Maxville LNG facility
Eagle LNG Partners has opened its Maxville LNG facility with a production capacity of 200,000 gallons per day with a one-million-gallon storage tank.The plant has been operating since early 2018 and is built to supply Eagle LNG's marine fuel depot located on the Port of Jacksonville's Talleyrand marine terminal...

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Eagle LNG Partners has opened its Maxville LNG facility with a production capacity of 200,000 gallons per day with a one-million-gallon storage tank.

The plant has been operating since early 2018 and is built to supply Eagle LNG's marine fuel depot located on the Port of Jacksonville's Talleyrand marine terminal.

Eagle LNG will fuel Crowley Maritime's two new LNG-powered Commitment Class ships for US mainland to Puerto Rico trade from its Talleyrand marine fuel depot in addition to serving growing domestic and Caribbean needs for clean-burning, economical LNG.

Eagle LNG's marine fuel depot is a shore-side facility offering 500,000 gallons of LNG bunkering capability, while occupying a small two-acre footprint, allowing buinkering at Crowley's berth where their ships are homeported.

The fuel depot it the first of its kind globally. As a permanent marine infrastructure, it delivers a long-term LNG bunkering solution at the Port of Jacksonville for both domestic and international marine trade routes.

The LNG facility and LNG marine fuel depot each contributes to the LNG infrastructure needed for shipping companies to comply with the IMO's rule requiring the reduction of marine fuel sulphur content by January 1, 2020.



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Terminal News
July 30, 2018
Tank Storage Asia announces key speakers
The latest safety regulations in Singapore, the IMO 2020 Sulphur fuel cap, an overview of developments affecting the tank terminal market in Asia and future growth opportunities in South East Asia are some of the topics featured in Tank Storage Asia's conference line up...

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The latest safety regulations in Singapore, the IMO 2020 Sulphur fuel cap, an overview of developments affecting the tank terminal market in Asia and future growth opportunities in South East Asia are some of the topics featured in Tank Storage Asia's conference line up.

The two-day, CPD-certified conference at the Marina Bay Sands in Singapore will feature insights from leading players and industry influencers about the latest trends and developments affecting the region's tank terminal market.

This year's conference on September 26th and 27th also has a special focus on safety at terminals as well as the latest regulations affecting operators in Singapore. Singapore's new Safety Case regime places a greater responsibility on operators to manage safety in their Major Hazard Installations by making use of best practices and standards to reduce risks.

A series of industry experts will be discussing various aspects of this new legislation and safety in terminals. Bernard Ong, Director of Operations at Vopak Terminals Singapore, will talk more about Vopak Banyan's Safety, Health and Environment initiatives, Dr Sukhy Barhey, Director of BMT Group will discuss the new regulation under the Workplace Safety and Heath Act while and Mike Warren and Lyn Fernie from Zento Global Solutions will talk about improving safety culture and the human element of safety.

Dr Peck Thian Guan, Singapore's representative to the ISO Project Committee for the development of the ISO standard on Occupational Health and Safety Management System will also present a session on implementing the new ISO 45001.

Sessions will also cover the future of drones and security at the terminal, fire safety management, technical due diligence for terminal mergers & acquisitions and cyber security threats.

Nick Powell, StocExpo & Tank Storage Portfolio divisional director, says: 'Tank Storage Asia is our fastest growing exhibition and conference within the portfolio. Last year saw the highest ever visitor numbers, with almost 1,700 tank storage professionals from 35 countries in attendance – we hope to exceed this in 2018 and look forward to bringing the industry back together once again.

'The landmark gathering of business leaders and thought leaders will also provide industry professionals with a unique opportunity to participate in panel debates, engage in the latest industry developments, and network with industry peers.'

Click here to view the conference programme. For more information on the exhibition, visit: www.tankstorageasia.com



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Terminal News
July 27, 2018
Wren House to acquire North Sea Midstream Partners
Wren House Infrastructure has bought North Sea Midstream Partners (NSMP), the largest independent North Sea midstream business, from ArcLight Capital Partners.Wren House, a global infrastructure investor and affiliate of ArcLight Capital Partners, will acquire ArcLight's entire stake in the company...

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Wren House Infrastructure has bought North Sea Midstream Partners (NSMP), the largest independent North Sea midstream business, from ArcLight Capital Partners.

Wren House, a global infrastructure investor and affiliate of ArcLight Capital Partners, will acquire ArcLight's entire stake in the company.

NSMP has interest in and operates four large scale natural gas transportation and processing assets in and around the North Sea. The assets, which form a key part of the UK's gas infrastructure, include a 67% operated interest in the Shetland Island Regional Gas Export System pipeline and a 100% operated interest in the Frigg UK pipeline.

NSMP also owns a 100% operated interest in the associated St. Fergus Gas Terminal and the Teesside Gas Processing Plant.

The company was established in 2012 by ArcLight to acquire and consolidate assets in the midstream sector of the North Sea's oil and gas industry.

The transaction is expected to complete in 2018.

Hakim Drissi Kaitouni, managing director of Wren House, says: 'This acquisition underlines Wren House's long-term strategy of investing in superior quality platforms. NSMP's catchment areas, in particular the West of Shetland basin, represent one of the most promising areas in terms of exploration and future developments. Our deep experience in energy infrastructure, operational expertise and financial strength make Wren House uniquely qualified to acquire NSMP.'

Andy Heppel, CEO of NSMP, adds: 'We are proud to have worked with ArcLight to successfully acquire and integrate the TGPP, St. Fergus, FUKA and SIRGE investments and build NSMP to be the largest independent midstream business serving both the UK and Norwegian sector of the North Sea.

'The combination of NSMP's great base business with Wren House's financial expertise and commitment to operational excellence will be the trigger for continued development of the NSMP infrastructure in the North Sea.'



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Terminal News
July 26, 2018
Fujairah: Oil product stocks fall 4% week on week
As of Monday, July 23 total oil product stocks in Fujairah stood at 19.298 million barrels. Total stocks fell by 4% week on week after hitting a seven-month high last week. Stocks of light distillates fell by 12.6% week on week to 6.403 million barrels...

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As of Monday, July 23 total oil product stocks in Fujairah stood at 19.298 million barrels. Total stocks fell by 4% week on week after hitting a seven-month high last week.

Stocks of light distillates fell by 12.6% week on week to 6.403 million barrels. Fundamentals remained largely unchanged - weak in Asia amidst ample supply, but stronger in the Middle East. Bahrain bought an MR cargo of 92 RON gasoline slated to arrive in late August, a source aware of the matter said.

In tenders, KPC was heard seeking three parcels of either 91 RON or 95 RON petrol for delivery at Mina al-Ahmadi over August-October via a tender closing July 25 with same-day validity. KPC last sought three 25,000 mt parcels of petrol for delivery over August-October in a tender that closed last week, but it was unclear if the tender was awarded. Spot premiums for Arab Gulf RON 95 petrol were at $4.05/b yesterday.

Stocks of middle distillates fell by 10% week on week to 2.708 million barrels – a six-week low. Traders said barrels were currently more likely to go east from the Arab Gulf rather than west into Europe. This is despite seasonally lower demand in parts of South Asia and Southeast Asia due to Monsoon rains.

On-shore Singapore middle distillate rose for a seventh consecutive week to a 15-week high last week. The front-month East-West Exchange of Futures for Swap was priced at minus $6.08/mt yesterday – which is above the levels of minus $10-15/mt needed to make gasoil arbitrage workable.

Stocks of heavy distillates and residues rose by 4.2 % week on week to 10.187 million barrels. Stocks rose to their highest level seen this year and topped 10 million barrels for the first time since December 25, 2017.

Inventory levels have risen despite the current backwardation in market structure, with the front-month time spreads for Arab Gulf 180 CST swaps at $7.25/mt yesterday on the back of the continued tightness in the Singapore market. 'It is difficult to gauge the market as [fuel oil] time spreads and cargo premiums went crazy recently,' a Singapore bunker fuel trader said.



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Terminal News
July 25, 2018
Total acquires Engie’s upstream LNG assets
Total has acquired Engie's portfolio of upstream LNG assets, including interest in the Cameron LNG project in the US, for $1.5 billion.The portfolio includes participating interested in liquefaction plants, including the Cameron LNG project, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe...

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Total has acquired Engie's portfolio of upstream LNG assets, including interest in the Cameron LNG project in the US, for $1.5 billion.

The portfolio includes participating interested in liquefaction plants, including the Cameron LNG project, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe.

Patrick Pouyanné, chairman and CEO of Total, says: 'Acquiring Engie's LNG business is a real step change for Total allowing us to leverage size and flexibility in the fast growing and increasingly commoditised LNG market.

'This transaction makes Total the second largest global LNG plater among the majors with a worldwide market share of 10% and the group will manage an overall LNG portfolio of around 40 mt per year by 2020.

'It also helps us to build a position in the US LNG market with the 16.6% stake in the Cameron LNG project.'

Total's LNG portfolio by 2020 will comprise a total volume of LNG managed of 40 mt/year, a liquefaction capacity portfolio of 23 mt/year in the Middle East, Australia, Russia and the US, a fleet of 18 LNG carriers and a role of key supplier for the European market with regasification capacities of 18 mt/year.



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Terminal News
July 24, 2018
Saudi Aramco crude to chemicals complex project progresses
Saudi Aramco's crude oil to chemicals complex is on track to become the largest of its kind in the world.The complex is expected to process 400,000 barrels per day of Arabian light crude oil, which will produce nine million tonnes of chemicals and nine million tonnes of fuels per year...

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Saudi Aramco's crude oil to chemicals complex is on track to become the largest of its kind in the world.

The complex is expected to process 400,000 barrels per day of Arabian light crude oil, which will produce nine million tonnes of chemicals and nine million tonnes of fuels per year.

It is projected to achieve a direct conversion rate from crude oil to chemicals of up to 50%, which is unprecedented globally.

Saudi Aramco and SABIC, who are partnering on the giga project, awarded a contract to KBR, a global leader in project management and engineering services, to develop a part of the complex.

KBR will provide the front-end engineering and design for the downstream petrochemicals and chemicals component within the master complex. The scope includes engineering studies, infrastructure planning and development for both of the polymer and glycol units, along with the aromatics complex, the COTC master plot plan and offsite utilities.



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Terminal News
July 24, 2018
Andeavor awarded more Mexican pipeline & storage capacity
Andeavor was the successful bidder in Pemex's open season for the North and Pacific Systems in the Northwestern region of Mexico.This means that Andeavor has been awarded capacity on Pemex Logistica's oil products pipeline and storage terminals in the open season 3...

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Andeavor was the successful bidder in Pemex's open season for the North and Pacific Systems in the Northwestern region of Mexico.

This means that Andeavor has been awarded capacity on Pemex Logistica's oil products pipeline and storage terminals in the open season 3.1 for Mexico.

The company says that with these additional positions, it intends to continue its strategic expansion within Mexico by extending its existing West Coast and Southwest integrated value chains and growing its existing marketing operations in the Northwestern region of Mexico with the ARCO brand.

The capacity includes the use of three Pemex marine and storage terminals in Baja California Sur and Sinaloa, plus two pipelines and two storage facilities in the state of Chihuahua.

Siomara Marquez, Andeavor country director, Mexico, says: 'We are excited about this awarded capacity and the opportunity it provides for additional value creation for our company, customers, business partners and communities in Mexico.'



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Terminal News
July 23, 2018
PBF Logistics to buy New Jersey storage facility
PBF Logistics has agreed to purchase CPI Operations from Crown Point International, which includes a storage facility & other idled assets on the Delaware River for $107 million.The East Coast Storage assets include a storage facility with four million barrels of multi-use storage capacity, with over 50% being heated storage, an Aframax-capable marine facility, a truck terminal, equipment, contracts and other assets...

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PBF Logistics has agreed to purchase CPI Operations from Crown Point International, which includes a storage facility & other idled assets on the Delaware River for $107 million.

The East Coast Storage assets include a storage facility with four million barrels of multi-use storage capacity, with over 50% being heated storage, an Aframax-capable marine facility, a truck terminal, equipment, contracts and other assets.

With close proximity to the Paulsboro refinery, the assets are expected to provide synergy opportunities at the company's sponsor, PBF Energy.

Once the transaction is closed, PBF Logistics expects to invest $8.5 million over the next two years on projects to enhance capabilities at the facility and expects to achieve run-rate earnings before interest, taxes, depreciation and amortisation of $15.5 million at the end of 2020.

Matt Lucey, PBF Logistics executive vice president, says: 'The acquisition of the East Coast Storage assets will be immediately accretive and will strategically position the partnership for the upcoming IMO's low sulphur fuel specification change in 2020 by adding significant marine accessible storage assets to our portfolio that are capable of handling a range of material from finished petroleum products and residual fuel oils to heavy, high sulphur refinery feedstocks.'



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Terminal News
July 23, 2018
Kinder Morgan’s terminals segment up
Kinder Morgan's terminal segment earnings recorded a 3% increase thanks to storage capacity growth at key hubs.Contributions from its liquids business, which accounts for 80% of the segment total, we up 3% compared to the second quarter of 2017 driven by storage capacity increases in key hubs along the Houston Ship Channel and Edmonton, Alberta, as well as the full-period impact of the new-build Jones Act tankers delivered in 2017...

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Kinder Morgan's terminal segment earnings recorded a 3% increase thanks to storage capacity growth at key hubs.

Contributions from its liquids business, which accounts for 80% of the segment total, we up 3% compared to the second quarter of 2017 driven by storage capacity increases in key hubs along the Houston Ship Channel and Edmonton, Alberta, as well as the full-period impact of the new-build Jones Act tankers delivered in 2017.

Kinder Morgan president Kim Dang says: 'These contributions were partially offset by the impact of certain divestitures, lower charter rates on existing Jones Act tankers, and lower tank utilisation at our Staten Island, New York location.'

At the company's Base Line Terminal in Alberta, construction of all major facilities is materially complete. The first six tanks at the 12-tank, 4.8-million-barrel facility, were placed into service in the first quarter of 2018. Four of the remaining tanks are expected to be placed into service in the third quarter of 2018 with the final two tanks in service in the fourth quarter. The project is expected to be delivered under budget, owing to project management efficiencies and cost savings.

In May, Kinder Morgan and a large, international integrated energy company entered into a binding Terminal Services Agreement to construct two new distillate tanks with a combined capacity of 200,000 barrels and enhance the railcar unloading capabilities at Kinder Morgan's Vancouver Wharves terminal in North Vancouver. Permitting efforts are underway, and the project is expected to be placed in service in mid-2020.



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Terminal News
July 23, 2018
Argent Energy acquires biodiesel storage & production facility
Argent Energy Netherlands will buy a biodiesel production, tank storage and cleaning facilities from Amsterdam-based Simadan Group.Argent Energy, a subsidiary of John Swire & Sons, is involved in large scale commercial biodiesel production in the UK...

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Argent Energy Netherlands will buy a biodiesel production, tank storage and cleaning facilities from Amsterdam-based Simadan Group.

Argent Energy, a subsidiary of John Swire & Sons, is involved in large scale commercial biodiesel production in the UK. It has also pioneered the use of low grade waste fats and oils.

The addition of these facilities represents the first step for Argent Energy replicating its successful business outside the UK. The deal is expected to be completed by early September and is subject to various conditions being met.

Jim Walker, Argent Energy MD, says: 'This investment will allow Argent to develop our capability of recycling waste fats and oils in the production of biofuel. It further underlines Swire's commitment to contribute to the global reduction of CO2 emissions, just as the UK and the EU are legislating for continued decarbonisation of transport to 2030 and beyond.'



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Terminal News
July 20, 2018
Engineering firm to build white oil products storage terminal in Africa
SMEC Africa has been appointed by Ethiopian Petroleum Supply Enterprise to develop a white oil products storage terminal at Port Dukem in Ethiopia.The terminal will be the first in the country to store and handle aviation fuel as well as refined petroleum and white products...

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SMEC Africa has been appointed by Ethiopian Petroleum Supply Enterprise to develop a white oil products storage terminal at Port Dukem in Ethiopia.

The terminal will be the first in the country to store and handle aviation fuel as well as refined petroleum and white products. It will comprise product storage tanks, tank truck and rail wagon receipt facilities and a tank truck loading gantry.

It will be one of the biggest in the country, with 240,000 m3 of storage capacity.

SMEC will provide the services at the terminal on an engineering, procurement, construction and management basis in two phases.



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Terminal News
July 20, 2018
Fujairah: Oil product stocks rise 6.3% week on week
As of Monday, July 16 total oil product stocks in Fujairah stood at 20.111 million barrels. Total stocks rose by 6.3% week on week and topped the 20 million barrel level for only the second time this year.Stocks of light distillates jumped by 19.9% week on week to 7...

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As of Monday, July 16 total oil product stocks in Fujairah stood at 20.111 million barrels. Total stocks rose by 6.3% week on week and topped the 20 million barrel level for only the second time this year.

Stocks of light distillates jumped by 19.9% week on week to 7.322 million barrels. Petrol markets are weak in Asia due to ample supply, but stronger in Europe due to tightness in the Mediterranean and cross-Atlantic pull from the US summer demand.

Demand in the Middle East seen as steady, and the region could see additional barrels from the East rather than the West. In tenders, Kuwait's KPC was seeking a total of 75,000 mt of RON 91 and RON 95 petrol for delivery between August and October. Spot premiums for Arab Gulf RON 95 gasoline rose to a seven-month high of $3.95/b yesterday.

Stocks of middle distillates rose by 3.2% week on week to 3.01 million barrels. The gasoil market remains soft in the East of Suez amidst weak demand and limited arbitrage pull. The front-month East-West Exchange of Futures for Swap was priced at minus $6.80/mt yesterday – which is above the levels of minus $10-15/mt needed to make gasoil arbitrage workable.

Similarly, cross-regional flows of jet fuel remained robust in recent weeks, but several sources noted that arbitrage activity from Asia and the Middle East to the ARA region has started to slow amid eroding economics and high clean tanker rates from the East to the West.

Stocks of heavy distillates and residues fell by 1.2% week on week to 9.779 million barrels. Stock levels fell back from the seven month high seen last week; the last time heavy stocks topped 10 million barrels was December 25, 2017. Bunker demand in Fujairah was reported as positive yesterday as prices tumbled in line with the sharp dip in crude prices. 'Demand did strengthen but it's very hard to price due to Brent falling,' a Fujairah-based bunker fuel trader said. Front-month time spreads for Arab Gulf 180 CST swaps strengthened to $6/mt yesterday on a continued tight outlook for the Singapore market.



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Terminal News
July 20, 2018
Oiltanking sells Amsterdam biodiesel plant to Greenergy
Greenergy will acquire an idle biodiesel manufacturing facility located at Oiltanking's site in Amsterdam.The acquisition of a third biodiesel plant will allow Greenergy to meet growing demand for waste-based biofuel in the UK and Europe.The biodiesel manufacturing facility was built in 2010 to process vegetable oils but was never commissioned...

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Greenergy will acquire an idle biodiesel manufacturing facility located at Oiltanking's site in Amsterdam.

The acquisition of a third biodiesel plant will allow Greenergy to meet growing demand for waste-based biofuel in the UK and Europe.

The biodiesel manufacturing facility was built in 2010 to process vegetable oils but was never commissioned. Greenergy plans to carry out works over the next year to convert the facility to process waste oils rather than vegetable oils and then add further production capacity.

Greenergy is Europes largest manufacturer of biodiesel from waste and it owns two major facilities on the east cost of England in Immingham and Teesside.

The location in Amsterdam benefits from deep-water access, allowing for break bulk on long-haul shipments of waste oils.

Under a long0term agreement, Oiltanking will provide Greenergy with storage facilities for raw materials and finished biodiesels, as well as a range of support services.

Andrew Owns, Greenergy chief executive, says: 'Demand for waste-based biodiesel is rising rapidly in the UK and Europe as a result of higher obligated biofuel inclusion rates. Over the last few years we have scaled up our raw material supply chains and invested in our UK manufacturing facilities, increasing output through a variety of incremental investments.

'We are now leveraging these skills and capabilities to develop a third plant.'

Jan Willem van Velzen, MD for Oiltanking Amsterdam, says: 'Oiltanking will also be investing into its own infrastructure in order to accommodate Greenergy's logistical needs.'



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Terminal News
July 20, 2018
Vopak acquires 29% stake in Elengy Terminal Pakistan
Vopak has signed an agreement to acquire a 29% share in Elengy Terminal Pakistan (ETPL) from Engro Corporation.ETPL's wholly owned subsidiary, Engro Elengy Terminal owns an LNG facility, which is located in Port Qasim in Pakistan, adjacent to the Engro Vopak chemical terminal on the mainland side of the channel into Port Qasim...

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Vopak has signed an agreement to acquire a 29% share in Elengy Terminal Pakistan (ETPL) from Engro Corporation.

ETPL's wholly owned subsidiary, Engro Elengy Terminal owns an LNG facility, which is located in Port Qasim in Pakistan, adjacent to the Engro Vopak chemical terminal on the mainland side of the channel into Port Qasim. The facility has been in operation since 2015 and is the first LNG import facility in Pakistan.

It comprises an LNG jetty including a 7.5 km high pressure gas pipeline. This pipeline is connected to the grid of Engro Elenergy Terminal's sole customer Sui Southern Gas Company, a Pakistan government owned entity.

The liquified gas is supplied, under long-term contracts, via LNG carriers from various exporting countries to the FSRU, which is moored to the terminal and connected to its pipeline. The regasification takes place on the FSRU and the gas is transferred to the mainland where, under high pressure, it enters the grid of the customer.

Pakistan has a growing energy demand in which the share of gas is expected to increase. It is mainly used for power supply for its growing population, industrial usage and as feedstock for fertilisers.

Once the transaction is complete, the shareholders in the terminal will be Engro Corporation, Vopak and the International Finance Corporation.

Ghias Khan, Engro Corporation president and CEO, says: 'We are excited to enter into this mutually beneficial partnership with Vopak, which will allow Vopak to realise their strategy of entering the Pakistan energy market and will pave the way for Engro and Vopak to collaborate in further ventures at home and abroad using their combined resources and expertise.'

Chairman of the executive board and CEO of Vopak Eelco Hoekstra adds: 'This new step in our cooperation gives Vopak an excellent entry into the growing Pakistan LNG market. This fits very well with our ambition to grow and diversify our service offering in LNG.'



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Terminal News
July 17, 2018
Kenya Pipeline Company completes storage terminal expansion
Kenya Pipeline Company has finished building four oil storage tanks at its Nairobi Terminal.According to local media reports, the four additional tanks, at a cost of SH 5.3 billion, will provide sufficient capacity for receipt of higher volumes of diesel and super petrol products following the recent completion of the new Mombasa-Nairobi pipeline...

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Kenya Pipeline Company has finished building four oil storage tanks at its Nairobi Terminal.

According to local media reports, the four additional tanks, at a cost of SH 5.3 billion, will provide sufficient capacity for receipt of higher volumes of diesel and super petrol products following the recent completion of the new Mombasa-Nairobi pipeline.

The tanks, with a capacity of 133 million litres of fuel, have more than doubled the storage capacity of diesel and super petrol from the current 100 million litres.

KPC's manging director Joe Sang, says: 'Besides guaranteeing security of supply of petroleum products, the new tanks will also enhance operational flexibility and increase tank turnaround at Kipevu resulting in more ullage creation at KOSF and reduction of demurrage charges.'

The new tanks and the new pipeline will adequately serve Kenya and the region's petroleum demand, which is projected to be 11.4 billion litres in 2020.



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Terminal News
July 17, 2018
Gujarat State Petroleum to build LNG import terminal
A five million tonne LNG import terminal is due to be commissioned in the next three months by Gujarat State Petroleum.The import terminal in Mundra, Gujarat, will be the third import terminal in Gujarat to import LNG in cryogenic ships and then re-converting the liquid fuel into its gaseous state before transporting it by pipeline to customers...

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A five million tonne LNG import terminal is due to be commissioned in the next three months by Gujarat State Petroleum.

The import terminal in Mundra, Gujarat, will be the third import terminal in Gujarat to import LNG in cryogenic ships and then re-converting the liquid fuel into its gaseous state before transporting it by pipeline to customers.

According to the Economic Times, managing director Jagdip Narayan Singh says: 'We will commission Mundra terminal by August-end or mid-September. It will operate at 1.5 million tonnes a year capacity for the first one-and-a-half years before scaling up to full capacity.'

The terminal, which can expand capacity to 10 million tonnes per annum, is designed to have a berth for receiving LNG tankers, two 1.6 million m3 LNG storage tanks as well as facilities for regasification and gas evacuation.



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Terminal News
July 17, 2018
SGR Energy to acquire Colombia oil storage terminal
SGR Energy plans to buy Swiss Terminal Barranquilla – a refined and crude oil storage terminal - from Fondo De Infraestructura Columbia. The 210,000-barrel facility in Atlántico Department, Colombia covers 294 acres and comprises a warehouse, lab and office, which will provide 50,000 barrels per day of product unloading capacity, 20,000 barrels per day product loading capacity and 13 lane truck racks...

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SGR Energy plans to buy Swiss Terminal Barranquilla – a refined and crude oil storage terminal - from Fondo De Infraestructura Columbia.

The 210,000-barrel facility in Atlántico Department, Colombia covers 294 acres and comprises a warehouse, lab and office, which will provide 50,000 barrels per day of product unloading capacity, 20,000 barrels per day product loading capacity and 13 lane truck racks.

Houston-based SGR Energy will hold permitted storage of up to 210,00 barrels for third party merchant storage, allowing for the acceptance of crude oil and naphtha, with 13 multipurpose temperature-controlled tanks, offering the ability to segregate crude and clean products.

The terminal will also process crude oil and blend fuel oil, with up to seven million barrels of petroleum products transferred or processed through the facility a year.

CEO Tommy San Miguel, SGR Energy, says: ‘We are delighted to acquire from Ashmore Management Company this premier marine transportation and terminal in Colombia. Swiss Terminal Barranquilla gives SGR Energy a strategic artery to pull supply from Colombia, increase our delivery volume to established customers, and will allow us to develop additional business.’

 



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Terminal News
July 17, 2018
Enterprise to build offshore oil export terminal in Texas
Enterprise Products Partners plans to build an offshore crude oil export terminal off the Texas Gulf Coast.The terminal would be capable of fully loading VLCCs, which have capacities of two million barrels and provide the most efficient and cost-effective solution to export crude oil to the largest international markets in Asia and Europe...

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Enterprise Products Partners plans to build an offshore crude oil export terminal off the Texas Gulf Coast.

The terminal would be capable of fully loading VLCCs, which have capacities of two million barrels and provide the most efficient and cost-effective solution to export crude oil to the largest international markets in Asia and Europe.

The company has started front-end engineering and design and preparing applications for regulatory permitting. Based on initial designs, the project could include 80 miles of 42-inch diameter pipeline to an offshore terminal capable of loading and exporting crude oil at 85,000 barrels per hour.

A.J. 'Jim' Teague, CEO of Enterprise's general partner: 'On the heels of our second successful loading of a VLCC at the Texas City terminal, we are now planning to expand our capabilities to load crude oil faster and more cost efficiently without the need for lightering vessels.

''Given the long-term outlook for growing supplies of US crude oil production, increasing global demand requiring super tankers, and the future limitations of Gulf Coast port and lightering capacities, we are confident this project will be embraced and supported by both domestic and international customers.

'Capital and infrastructure to support our project would be solely provided by private capital and would not be reliant nor contingent upon state or federal government agency financial support or infrastructure development. We believe this would enable us to deliver this project in a timely manner once permits are granted and the project is underwritten.'



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Terminal News
July 12, 2018
The world’s leading publication Tank Storage Magazine has strengthened its partnership with the world’s leading terminal database provider TankTerminals.com. Tank Storage Magazine is the leading publication in the storage sector, and has been for over 15 years, providing daily news, regional market analysis, exclusive terminal interviews, information on the latest innovations, M&As, terminals being expanded and much more...

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The world’s leading publication Tank Storage Magazine has strengthened its partnership with the world’s leading terminal database provider TankTerminals.com.

Tank Storage Magazine is the leading publication in the storage sector, and has been for over 15 years, providing daily news, regional market analysis, exclusive terminal interviews, information on the latest innovations, M&As, terminals being expanded and much more. It recently launched a brand new website (www.tankstorageintelligence.com) to provide all the key information regarding the storage sector altogether in one place.

TankTerminals.com has been the leading tank storage database provider for more than 10 years. It recently launched a brand new website (www.tankterminals.live) and database platform, which includes in-depth information of 4,800 terminals around the globe, terminal benchmarks, market share analysis and other database tools.

As per the agreement, Tank Storage Magazine will be selling online advertising space on www.tankterminals.live as well as on www.tankstoragemag.com. Between them, the two websites attract over 14,000 unique visitors per month. In addition, Tank Storage Magazine will be selling online banners on both Tank Storage Magazine & TankTerminals.com newsletters – both of which are fully GDPR compliant and are each sent out to 13,000 contacts per week.

This agreement strengthens the existing relationship between Tank Storage Magazine & TankTerminals.com. For the past 7 years Tank Storage Magazine has produced the Tank Terminal Map, based on data provided by TankTerminals.com. The map lists the location, terminal capacity and number of products stored at 1,500 terminals around the globe. The map is free to all subscribers of Tank Storage Magazine.

For more information visit www.tankstoragemag.com and www.tankterminals.live or to book online advertising, advertising on the Tank Terminal Map or print advertising in Tank Storage Magazine contact David Kelly, International Advertising Sales Manager, David@tankstoragemag.com

About Tank Storage Magazine

Tank Storage magazine has been the market leading publication dedicated to the tank storage sector for over 15 years.

It is printed seven times a year. Every issue includes exclusive interviews with terminal operators, regional market analysis, a list of terminals that are being built/expanded around the globe and a selection of articles on ways to make terminals safer and more efficient.

The magazine is the only publication in the sector to be independently audited. Over 40,000 copies are printed and distributed each year, both via postal distribution and at 30+ storage-related events worldwide.

Tank Storage Intelligence allows users to search a back catalogue of Tank Storage Magazine for the past 15 years, see conference presentations from StocExpo Europe and Tank Storage Asia, provides information on changes to regulations and available storage capacity worldwide, includes a comprehensive directory of terminal equipment suppliers, available jobs and a detailed overview of event listings across the globe.

Tank Storage Magazine also runs the Tank Storage Awards, a sell-out event, being held for the third time on 26th March 2019 in Rotterdam. The Tank Storage Awards rewards those that excel in a range of different categories relating to terminal achievements, equipment innovations, ports and individual success. Previous winners have included Saudi Aramco Terminals, Vopak Terminal Savannah and ATT Tanjung Bin Terminal in Malaysia. The winners are chosen by an independent panel of judges including representatives from Shell, BP, Oiltanking, VTTI, InterTerminals, LBC, Vopak and Koole.

Tank Storage Magazine is owned by Easyfairs, one of the world’s leading event organisers. As such it is able to make use of Easyfairs’ database of 80,000 contacts within the tank terminal sector.

Easyfairs organises 218 events in 17 countries, including StocExpo Europe and Tank Storage Asia and employs more than 750 people worldwide.

For more information, visit our website www.easyfairs.com

Contact Easyfairs                                                                

Margaret Dunn

Publisher

+44 (0)20 3196 4400

margaret@tankstoragemag.com

 



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Terminal News
July 11, 2018
San Diego-based energy company Sempra Energy has announced that its Mexican subsidiary - Infraestructura Energética Nova (IEnova) - has secured a $150 million (€128 million) contract for liquid fuels project from the Topolobampo Port Administration in Mexico...

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San Diego-based energy company Sempra Energy has announced that its Mexican subsidiary - Infraestructura Energética Nova (IEnova) - has secured a $150 million (€128 million) contract for liquid fuels project from the Topolobampo Port Administration in Mexico.

Per the terms of the agreement, IEnova will construct and operate a marine liquid fuels terminalin Sinaloa, Mexico.

This latest project will operate as a receipt, storage and send-out terminal.

Per the deal, IEnova will conduct the entire development process of this terminal that includes obtaining customer contracts and permits, engineering, procurement and construction as well as providing financing services. It will also supervise the work related to operations and maintenance.

On completion, the first phase of the Topolobampo terminal will have a capacity to store 1 million barrels of petrol and diesel. IEnova expects to commence operations at the terminal in the fourth quarter of 2020.



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Terminal News
July 10, 2018
Spanish oil transportation and storage operator CLH plans to acquire 60% of Mexican company HST. Following the acquisition, CLH intends to construct and operate a new facility for the storage of oil products located in the metropolitan area of the Valle de México...

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Spanish oil transportation and storage operator CLH plans to acquire 60% of Mexican company HST. Following the acquisition, CLH intends to construct and operate a new facility for the storage of oil products located in the metropolitan area of the Valle de México.

The new facility will launch its operations in 2020 with a capacity of almost 100,000 m3 and is strategically positioned with excellent connections to the oil pipeline system, railways and motorways in one of the areas with the highest level of consumption of oil products in all of Mexico.

The President of the CLH Group, José Luis López de Silanes, says: 'This operation constitutes a new step forward in the company’s process of internationalisation and one which enables us to continue to move forward in the American continent, following the contract secured last year in Panama for the supply of fuel to five airports in that country.'

CLH's CEO, Jorge Lanza, adds that the 'highly complementary nature of the skills shared by CLH and HST, combining the international experience that CLH has in operating pipelines and storage terminals in Europe – involving almost 10 million m3 – together with the important preparation that the HST team can contribute to the development of projects in Mexico.'

With this new project, the CLH Group launches its fifth international operation, following the projects that are already underway in the UK, Ireland, Oman and Panama. The emerging opportunities for the development of infrastructure in Mexico are strengthened by the liberalisation process of the energy sector and the growing level of consumption that the country is experiencing.



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Terminal News
July 9, 2018
Stolthaven Terminals reports operating profit decline
Stolthaven Terminals is experiencing gradual improvements in its performance despite reporting a decline in its operating profit.In its second quarter financials, it reported an operating profit of $20.2 million, down from $25.9 million in the first quarter, however it reported a second-quarter revenue of $63...

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Stolthaven Terminals is experiencing gradual improvements in its performance despite reporting a decline in its operating profit.

In its second quarter financials, it reported an operating profit of $20.2 million, down from $25.9 million in the first quarter, however it reported a second-quarter revenue of $63.9 million compared to $62.5 million in the first quarter.

Equity income from the company's joint venture terminals decreased by $7.1 million in the second quarter, mainly reflecting the $8.2 million of additional first-quarter equity income resulting from a reduction of deferred tax liabilities at the company's joint venture terminal in Antwerp.

Storage and throughput revenue was essentially unchanged in the second quarter and utilisation increased slightly thanks to improvements in Houston, New Orleans and Singapore, and stable overall demand for chemicals worldwide.

Niels G. Stolt-Neilsen, CEO of Stolt-Nielsen, says: 'Our outlook remains fundamentally unchanged. At Stolthaven Terminals, gradual improvements in performance are expected to continue, driven by higher utilisation and operational enhancements.'



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Terminal News
July 9, 2018
Kinder Morgan, EagleClaw & Apache to develop Permian pipeline
Kinder Morgan Texas Pipeline, EagleClaw Midstream Ventures and Apache Corporation plan to develop the Permian Highway Pipeline Project for the region's growing natural gas production.The consortium of companies have signed a letter of intent for the project which will provide an outlet for increased natural gas production for the Permian Basin to growing market areas along the Texas Gulf Coast...

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Kinder Morgan Texas Pipeline, EagleClaw Midstream Ventures and Apache Corporation plan to develop the Permian Highway Pipeline Project for the region's growing natural gas production.

The consortium of companies have signed a letter of intent for the project which will provide an outlet for increased natural gas production for the Permian Basin to growing market areas along the Texas Gulf Coast.

The $2 billion project is designed to transport up to 2 billion cubic feet per day of natural gas through 430 miles of 42-inch pipeline from the Waha, Texas area to the US Gulf Coast and Mexico markets.

The project is expected to be in service in late 2020. Natural gas supply will be sourced into the project from multiple locations, including KMI's, EagleClaw's and Apache's existing systems in the Permian Basin, with additional interconnections to both intrastate and interstate pipeline systems in the Waha area.

Kinder Morgan and EagleClaw will be the initial partners, with 50% ownership each, and Apache will have an option to acquire up to 33% equity in the project from the initial partners.

Apache and EagleClaw will be significant shippers on the proposed pipeline, with Apache planning to commit up to 500,000 dekatherms per day. Kinder Morgan will build and operate the pipeline.

Sital Mody, CCO of Kinder Morgan Natural Gas Midstream, says: 'The project is structured to provide unrivalled market optionality for Permian producers.

'By contracting for space on KMI's extensive intrastate systems, the project will offer seamless nominations to the Katy and Agua Dulce market hubs, pipeline headers into LNG export facilities on the Texas Gulf Coast, multiple pipelines delivering gas into Mexico, including Valley Crossing, NET Mexico, and KMI's Border and Monterrey pipelines, and numerous other intrastate and interstate pipelines.



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