THE GLOBAL IMPACT OF TANK STORAGE

FETSA teams up with the Hague Centre for Strategic Studies to manage geopolitical challenges facing the storage sector. Recent geopolitical changes have led to, and are leading to, fundamental changes in the global energy system, energy policy and trade. These include decoupling between ‘the West’ / G7 economies and Russia, as well as decoupling of critical supply chains between this bloc and China. These trends have been elaborated in strategic documents issued by the USA, G7, NATO, the European Union and to a lesser extent the G20. Energy security has become a priority. The energy transition has been accelerated through increased subsidies and permitting regimes. Wider supply chain decoupling has been seen through ‘sovereignty’ initiatives in critical supply chains for inter alia critical raw materials, renewable technologies, digitalisation technologies, semi-conductors and clean hydrogen supply. IDENTIFYING GEOPOLITICAL DRIVERS FETSA has commissioned the Hague Centre for Strategic Studies to assess the implications for the storage sector of these changes by identifying the current and foreseeable geopolitical drivers and providing guidance on the changes to trade...