The first Southeast Asia independent LPG storage facility has received its first cargo.
Vopak’s Banyan terminal received the cargo from the Sun Aries vessel, which will deliver fully refrigerated propane to ExxonMobil Asia Pacific, one of the anchor tenants of Vopak’s terminal in Singapore.
The facility has an initial capacity of almost 80,000 m3 and is an 80/20 partnership between Vopak Terminals Singapore and SK Gas International.
Tan Soo Koong, managing director of Vopak Terminals Singapore, says: ‘We are very happy with the successful start-up of our new LPG facility within our Banyan terminal. We are very well positioned to capture the flows of LPG coming from US and Middle East and our independent LPG facility is geared towards becoming a strategic gas centre in the future.’