News
Aliko Dangote, founder and chairman of the Dangote Group, has launched Namibia’s Walvis Bay’s $2.5 billion (€2.23 billion) fuel storage and regional pipeline project. The launch ceremony was attended by Namibian president Netumbo Nandi-Ndaitwah.
The project will include storage capacity of around 600 million litres, with 360 million litres dedicated to diesel and 240 million litres for…
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PetroChina International and Djibouti Ports and Free Zones Authority met at the Red Sea World Centre to discuss plans for a 1,550km oil pipeline that would connect South Sudan to Djibouti’s Red Rea ports through Ethiopia. The meeting included chairman of the Djibouti Ports and Free Zones Authority and a senior delegation from PetroChina International (Middle East), led by the company’s deputy…
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Vopak has raised its earning targets for 2026 as demand for storage capacity and its new projects boost earnings. Net profits for Q3 2026 reached €142 million, with Vopak forecasting end of year proportional earnings (before interest, taxes, depreciation and amortisation) to be between €1.20 billion and €1.22 billion.
Since 2022, Vopak has committed €1.7 billion towards gas and…
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Yokogawa Electric Corporation’s subsidiary Yokogawa Corporation of America has been chosen by JGC Fluor BC LNG II Joint Venture (JFJV2) as the main automation contractor (MAC) for phase 2 of the LNG Canada project. JFJV2 is a joint venture between JGC Corporation and Fluor Corporation, and hold responsibility for engineering, procurement, fabrication, construction and commissioning…
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A consortium of US-based companies has expressed interest in investing up to $4.4 billion (€3.9 billion) in an LNG infrastructure project in Pakistan.
The project will involve companies including Global Vision Energy Partners, Khanjee Holdings, General Mediterranean Holding, and other international strategic partners. Local reports indicate that the US-backed sponsors have obtained consent…
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Dialog Group Berhad will expand its petroleum and petrochemical products storage capacity at its terminals in Tanjung Langsat, Johor Darul Ta’zim, Malaysia, by an additional 100,000m3.
Dialog Terminals Langsat (3) (DTL3) is wholly owned by Dialog and had an initial storage capacity of around 24,000m3. In September 2026, DTL3 added an additional 150,000m3 of renewable and petroleum-based…
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Germany is entering winter 2026 with gas stores well below target, the Financial Times reports, ‘leaving Europe’s biggest economy and potentially other EU countries vulnerable to further price surges and market shocks.’
As the EU’s biggest gas user with the largest storage facilities, by not shoring up this summer it means the country’s need to continue to buy gas on spot markets…
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Venture Global’s second LNG export project, Plaquemines LNG, commenced commercial operations on 31 October – 53 months from final investment decision.
Located in Louisiana, US, alongside Venture Global’s other projects Calcasieu Pass and CP2 LNG, Plaquemines LNG’s first long-term sales and purchase cargo was lifted by Shell on 1 November. Among its infrastructure, the site includes…
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Growing up in a rural village where access to transportation, healthcare and fuel was often a challenge, VTTI’s terminal manager Pearl Madondo saw firsthand how essential reliable fuel supply is to everyday life. These experiences shaped her decision to pursue a career in storage terminal operations, where she helps ensure the safe and efficient storage and distribution of fuel, keeping…
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JSW Infrastructure has commissioned eight tanks for its liquid bulk terminal at Fujairah, UAE, with plans to begin operation the first week of November 2026. However, the company has said that demand for stored products until the end of 2026 will determine tank utilisation, rather than confirmed customer demand.
At the Fujairah terminal, JSW currently has six fixed-roof tanks and nine…
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Adani Ports and Special Economic Zone has extended a binding offer to Evos for around €3 billion, submitted in a sale run by Morgan Stanley for Evos’ owner, Igneo Infrastructure Partners.
Evos currently operates eight tank terminals around Europe, with a combined storage capacity of around 6.4 million m3 across seven ports in five countries. The terminals store gasoline, diesel, biodiesel,…
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Elengy has launched construction on its €220 million programme to modernise and ensure the long-term future of its Montoir-de-Bretagne LNG terminal, located at Nantes Saint-Nazaire port, France. The project – named ULYSSE – will cut direct regasification CO2 emissions by 80%, equating to more than 30,000 tonnes of annual CO2 emissions.
ULYSSE entered implementation phase in 2026 after…
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The French economy minister Roland Lescure announced that Europe will release 42.6 million barrels of emergency oil stocks over the next three months, following a G7 agreement earlier this month to release up to 100 million barrels of crude oil and fuel stocks over four months. Lescure made these comments ahead of a meeting with EU energy ministers in Luxembourg this week.
Of diesel, Europe…
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Ksi Lisims LNG, a Canadian LNG supplier, and Germany’s Securing Energy for Europe (SEFE), have entered into a 20-year binding sale and purchase agreement.
Under the agreement, SEFE will buy 1 million tonnes per annum (mtpa) of LNG from Ksi Lisims LNG on a free-on-board basis for 20 years, beginning in the early 2030s. With the signing of this agreement, Ksi Lisims LNG now has binding…
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The Dutch Safety Board, Onderzoeksraad voor Veiligheid, has opened an investigation into the explosion at Rotterdam Europoort that killed one person and injured five others on 13 August 2026. The accident occurred during pipeline dismantling at Gunvor Energy’s tank storage facility while workers were disconnecting pipelines as part of installation decommissioning.
Two Dutch Safety Board…
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Malaysia has reported ‘swelling palm oil inventories’ that are straining the country’s storage capacity in Sarawak, Borneo, due to a larger-than-normal harvest season and growing freight costs.
Reports show that, across Malaysia, inventories of palm oil hit a record 3.51 million tonnes in September 2026, despite October being peak harvesting season. Borneo accounts for more than a fifth…
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In a speech at the 44th ASEAN Ministers on Energy Meeting (AMEM) in Pasay City, Metro Manila, the Philippines, energy secretary Sharon Garin revealed that the country is in talks with the United Arab Emirates, Russia, Japan, Kuwait, Australia and the US to store oil in an effort to avoid fuel price strikes as a result of the Iran war.
Speaking to Reuters, Garin states that the Philippines…
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Oryx Energies has agreed to sell its downstream businesses in Mali, Côte d’Ivoire and Togo to Niangadou Distribution Compagnie SAU (NDC). The move comes as Oryx reviews its African downstream portfolio and aligns its long-term priorities.
NDC has experience in the importation, distribution and logistics of petroleum products in West Africa, and will use this experience and regional presence…
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How can data sharing be utilised between terminals, agents and captains to improve port logistics?
Better data sharing starts with a practical question: does it make collaboration easier for the people managing the port call? When it reduces chasing, duplicate work and uncertainty, it gives terminals, agents and captains a reason to get on board. They work towards the same vessel arrival, but…
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The Liberia Petroleum Refining Company (LPRC) launched the expansion and modernisation of its Product Storage Terminal on Monday 26 October in a ground-breaking ceremony attended by President of Liberia Joseph Nyuma Boakai, LPRC managing director Amos Tweh and other officials and staff.
The project, costing $35 million (€31.4 million), will add 50,000 tonnes of petroleum storage capacity to…
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