Puma Energy has signed a purchase agreement for BP’s terminal in Belfast, Northern Ireland, making it the 100th terminal to be added to its storage network.
With this acquisition, the operator will have a total storage volume of 7.9 million m3 of storage capacity.
The company says the acquisition builds on the purchase of the 1.4 million m3 capacity Milford Haven Terminal in 2015, further supporting Puma’s growth within the European market as well as ensuring fuel supply to Northern Ireland.
The facility stores petrol, distillates and aviation fuels and comprises road gantry loading facilities and a jetty berths for MR class vessels. There are 20 storage tanks with a capacity of 143,000 m3.
Pierre Eladari, Puma’s CEO, says: ‘This deal marks an additional milestone in the growth of our business, further supporting Puma Energy’s position as one of the largest independent, integrated midstream and downstream companies operating today.’