COLLABORATION IS THE NAME OF THE GAME

Tank Storage Magazine checks out the hot topics discussed at last month’s TSA Conference. The 21st edition of the Tank Storage Association (TSA) Conference 2022 took place in Coventry, UK this September. The conference is always a good opportunity to network with professionals in the industry, and this year’s was no exception. In fact, it was maxed out. After chairman Peter McKay opened the conference, the first keynote speech came from Irina Patrahau, strategic analyst, and Michel Rademaker, deputy director, both from The Hague Centre for Strategic Studies. Patrahau first presented the Hague Centre’s analysis of how the European storage tank sector is set to evolve. Looking first at the situation today, with record energy prices, Patrahau explained how the Russian oil boycott has led to the global energy trade map being redrawn. EUROPE’S ENERGY TRANSITION As Europe moves away from Russian gas and oil, new producers are coming up. Patrahau suggests the new market players are likely to be countries in the MENA (Middle East and North Africa) region. While the Hague’s prediction to 2030 looks to be influenced by Europe, the outlook to 2050 tells a different story. As...