FETSA View: A new era of global collaboration

Transatlantic cooperation and energy flows remain critical – but risk mitigation is needed, says Ravi Bhatiani, executive director at the Federation of European Tank Storage Associations (FETSA) In the EU-US energy relationship, when US LNG lands at a European regasification terminal, or US kerosene arrives at a European terminal, it is held, managed, and blended in our members’ terminals. When a geopolitical shock – whether a tariff war or a supply cut – disrupts global shipping lanes, it is the FETSA members’ 700+ terminals that provide the breathing space, holding strategic reserves and commercial stocks. Yet, if you read the headlines in international news, financial or foreign policy publications, the transatlantic relationship is in a state of disrepair. Frictions are numerous, fractures have occurred and the era of close transatlantic cooperation seems to be in the distant past. There are tensions over trade, security, energy transition, sanctions, technology and much more. For companies involved in running or investing in critical energy infrastructure, business models are changing and foreign policy concerns are an unexpected driver. At FETSA, we see the...