Your 2024 Winter Edition is out now

The biggest news this month (probably true no matter what month you read this in!) is the result of the latest US election. Having printed this latest edition in the earlier part of November, much is still left to be seen when it comes to the future of the US and energy landscape. We know that many of our colleagues in the oil and gas sector will see a second Trump presidency as a fairly positive move, while others might mourn the greener future that was signalled under Harris. In this edition, the ILTA is exploring the key things that terminal companies will be looking for as we head into this new Trump administration. The key themes are around policy certainty and safety – we wait with bated breath to see what happens over the next four years. And Tank Storage Magazine will be here to report on the full tenure – just as we did back in 2016. Operating under the mantra ‘drill, baby, drill’, from what we can tell, Trump’s energy policies are likely to be more friendly to the oil and gas sector, supporting new wells and imposing less stringent green regulations. Meanwhile, our colleagues in Europe may see increased financial pressure as they commit to EU energy transition targets – and get hit with potential tariffs from the USA. FETSA and UPEI reaffirm their full alignment with the 2050 climate neutrality goal of the Paris Agreement – which may not be the line taken by a Trump-led USA. But the USA has still come a long way with regards to the energy transition, cleaner fuels and stricter emissions targets – and will storage companies want to be seen compromising their own progress on the global stage? Time will tell, but I predict it will be difficult to roll back changes that have already been implemented. The momentum keeps swinging towards a sustainable future – so what better way to get all the latest tips to make your terminal greener, safer and more efficient than by joining us at StocExpo on 11 and 12 March at the Rotterdam Ahoy, Netherlands? Our sneak preview is the industry’s first look at what’s happening at the 20th edition of the show – and some of the most exciting conference sessions will feature terminals from across the world, including South Africa, the USA, Brazil as well as our local European neighbours. To get a full snapshot of what’s happening in the market over the next 12 months or so, our Storage Outlook features comment from global terminals, including Stolthaven, LBC, Fujairah Oil Terminal, Exolum and more. Unfortunately, my crystal ball is all out of juice – but hopefully the predictions and analysis of these well-seasoned experts will help equip you for at least the next quarter – if not into the next 6-12 months. And for regular updates into what’s happening in the market, you can subscribe to Tank Storage Magazine so that you never miss an issue. See you at StocExpo on 11 & 12 March, Rotterdam!