News
JERA has established JERA Oil Storage, a dedicated operating company to manage national petroleum stockpiling bases currently operated by JERA and its affiliated subsidiaries under a joint contracting arrangement with Japan Organization for Metals and Energy Security.
JERA currently operates four national petroleum stockpiling basis – Tomakomai-Tobu, Akita, Fukui and Shibushi – with its…
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Government staff including prime ministers and ministers of Flanders, the Netherlands and North Rhine-Westphalia have met with port CEOs within the Antwerp-Rotterdam-Rhine-Ruhr area (ARRRA) in Meise, Belgium, to discuss strengthening ARRRA’s competitiveness on the European and global stage. Ports represented include Duisport, North Sea Port, Port of Antwerp-Bruges, Port of Cologne/HGK, Port of…
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Ivens has celebrated the raising of the first tank roof at the new terminal for Ghent Transport & Storage (GTS), situated at the Port of Ghent, Belgium.
This milestone is the latest in the construction of 17 4,400m3 storage tanks for GTS, led by Ivens. GTS has an overall capacity of 1.7 million m3, offering infrastructure including internal floating roofs, vapour recovery unit, insulated…
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G7 nations, which include France, the US, UK, Germany, Italy, Canada and Japan, agreed to release up to 100 million barrels of emergency diesel and crude oil supplies in response to Donald Trump, president of the US, threatening to ban US diesel exports.
French president and current G7 chair Emmanuel Macron held a leader’s video call to discuss the global surge in diesel prices and Trump’s…
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Unite has warned that strike action by 160 Apache offshore workers could ‘severely disrupt’ UK fuel supplies as staff protest pay disputes.
If strike action goes ahead this month, it will affect seven Apache assets associated with the Forties and Beryl oil fields, which could lead to the whole Forties Pipeline System halting. Operated by Ineos, this system handles around 29% of UK oil and…
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ADIPEC 2026 will welcome its strongest-ever participation from Asia, with 353 companies and six country pavilions – China, India, Japan, Malaysia, Singapore and South Korea – taking part in this year’s event.
The Asian organisations will join more than 2,250 exhibitors across 16 halls and 30 international pavilions, where companies from across the global energy value chain will showcase…
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After LNG Canada secured final investment decision earlier this week, JGC Fluor BC LNG II JV, a joint venture betwen Fluor and JGC Corporation, has been selected to deliver engineering, procurement, fabrication, construction and commissioning for its phase 2 expansion in Kitimat, British Columbia.
Phase 2 includes the construction and commissioning of an additional LNG storage tank and two new…
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A fourth tank at Gate terminal at Maasvlakte, Rotterdam, the Netherlands, has been completed and will be commissioned from 1 October 2026. Gate is a joint venture between Gasunie and Vopak, where LNG is delivered by ship and stored temporarily in liquid form before being delivered via the gas transmission to customers in the Netherlands and other European countries.
The new tank has an LNG…
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Funds managed by KKR have entered into separate agreements with investors to sell Central Tank Terminal (CTT), Japan, and Central Terminal Korea, in South Korea. KKR acquired CTT in 2021 and CTK in 2023.
CTK operates a tank terminal complex in Ulsan’s chemical industrial hub, and CTT has 12 terminals across Japanese regions including Kawasaki, Yokohama, Osaka, Kobe and Hiroshima, operating…
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LBC Tank Terminals celebrated the official opening of the third stage of its expansion project – Rainbow 3 – on Friday. Rainbow 3 adds 36 new tanks and 86,000 m3 of storage capacity to the site in Rotterdam Botlek, the Netherlands, as well as a new loading station for rail tank cars.
The next stage for the site is Rainbow 5 Phase A, which will see 14 more tanks added – meaning 42,000m3…
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Geoffrey van Elderen, managing director at Gordium B.V., speaks to Tank Storage Magazine about the company’s gold medal win in ‘Digital Transformation Solution’ category and how digitalisation is improving hazard analysis
Well done on your win! How does it feel to achieve this?
It feels like recognition of our ‘Evergreen’ idea more than of a product. The five-year HAZOP cycle is so…
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KKR has signed agreements to utilise company funds to make a majority investment in Indian bulk liquid and gas storage and logistics business Cisternina Logistics Private Limited.
The agreements include supporting Cisternina’s proposed acquisition of Ganesh Benzoplast Limited (GBL), a liquid storage terminal and rail buidness, which would then serve as the platform’s anchor asset. Other…
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This year marked 25 years of the Tank Storage Association’s Conference & Exhibition – with an event that promised to be the biggest and best yet
With 2026 being 25 years of the Tank Storage Association (TSA)’s Conference & Exhibition, and 20 years hosted at Coventry Arena, this year’s event had a lot to live up to. A last-minute room change (with Coventry City’s pitch sadly now…
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Iraq is studying proposals for crude oil storage facilities in countries including Egypt, Oman and Singapore, Salim al-Rikabi, a spokesperson for the Iraqi Oil Ministry told Attaqa News. The proposals are part of a larger plan to bypass the Strait of Hormuz, protecting the country’s oil supply against further disruption.
The reviewing of proposals follows the signing of agreements between…
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Shell Canada Energy has taken final investment decision (FID) for the expansion of the LNG Canada site in Kitimat, British Columbia. The expansion comes after Shell’s annual report predicted a rise of around 65% in global LNG demand by 2040.
Phase two of the expansion project will add two LNG processing units – increasing LNG Canada’s total production company from 14 million tonnes per…
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British Columbia (BC)’s government has given FortisBC an environmental assessment certificate for an expansion at its LNG facility on Tilbury Island, BC.
The certificate allows FortisBC to pursue final investment decision for the expansion, which will include a 142,400 m3 storage tank, a natural gas receiving facility and a liquification unit that will produce up to 2.5 million tonnes of LNG…
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A ground-breaking ceremony will be held on 30 September for the East Africa Oil Refinery in the Port of Lamu, Kenya, with heavy construction materials received at the port on 26 September – marking the first milestone for the construction stage of the refinery. The project aims to strengthen Kenya’s energy security by reducing dependence on imported refined petroleum.
The refinery aims to…
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After winning gold in the prestigious ‘Best Overall Logistics Provider’ category, Mathias Potvin, terminal manager for LBC Rotterdam, speaks to Tank Storage Magazine about how the terminal maintains safety, operational excellence and customer service
Congratulations on the win! How does it feel to receive this award?
Thank you! Receiving the ‘Best Overall Logistics Provider’ award was a…
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The Ulsan Metropolitan Government (UMG) and Central Terminal Korea (CTK) have partnered on a liquid cargo storage facility that will be built in the Ulsan Mipo National Industrial Complex, South Korea, supporting the region’s petrochemical storage infrastructure at the Port of Ulsan. Ulsan Mayor Kim Sang-wook and Kim Chan-soo, CEO of CTK, signed the agreement at the mayor’s office in city…
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Phillips 66 has successfully reached a milestone in its phased integrated of Lindsey assets into the wider UK business at the Humber Refinery, following the completion of the Lindsey acquisition in April 2026.
Rail movements of product from Lindsey Rail Loading to the Warwickshire Oil Storage Terminal began on 9 September 2026, which was followed by the first over-the-racks petrol and diesel…
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