Terminal News
Quantem has successfully completed a significant project to add 90,000 m3 of new diesel storage capacity at its Pelican Point Terminal in Adelaide, Australia.
The $52 million (€44 million) project more than doubles Quantem’s diesel storage capacity at the site, providing vital fuel security to support critical transport and infrastructure requirements.
Amid global uncertainty impacting…
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Shell has announced it will not be proceeding with the construction of a biofuels plant at its Pernis site in Rotterdam, Netherlands.
Richard Zwinkels, general manager for Shell Energy and Chemicals Park Rotterdam said on LinkedIn: 'Market dynamics and expected construction costs ultimately make the project insufficiently competitive for us to meet our customers' demand for affordable biofuels.…
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Egypt has signed four agreements with international firms worth more than $340 million (€290 million) to explore oil and gas in the Mediterranean and Nile Delta, the Petroleum Ministry.
The deals, signed by the state-owned Egyptian Natural Gas (EGAS), provide for the drilling of 10 wells as part of the ministry’s efforts to boost exploration and production.
Egypt, once a regional exporter,…
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Sempra Infrastructure has announced a 20-year definitive sales and purchase agreement (SPA) for the supply of 2 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas, USA. Pursuant to the SPA, EQT will purchase the LNG on a free-on-board basis at a price indexed to Henry Hub.
Justin Bird, CEO of…
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In a post on LinkedIn, VTTI celebrated one year since the company completed its acquisition of 50% equity in Dragon LNG, a strategically located onshore LNG import terminal in Milford Haven, in Wales, UK.
Dragon LNG’s regasification terminal is one of three LNG terminals in the UK. It consists of LNG receiving, storage, reliquefication, regasification and send-out facilities. The facility can…
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Taiwan’s leading engineering, procurement, and construction (EPC) group CTCI has been awarded another major LNG terminal-related EPC contract to help the state-owned oil company CPC Corporation build regasification facility at Kaohsiung Intercontinental LNG Receiving Terminal in southern Taiwan, after securing the EPC contract for the LNG storage tanks at the same facility late last year.
At…
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Deutsche Energy Terminal GmbH's (DET) second LNG terminal in Wilhelmshaven will commence commercial operations on August 29, following a successful commissioning phase. This was preceded by several weeks of test operation with a series of functional and performance tests. The terminal had already received its approval under hazardous incident regulations from the Oldenburg Trade Supervisory…
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VTTI and Höegh Evi have completed the first phase of the permit procedure for Zeeland Energy Terminal (ZET) with the publication of the response bundle, marking an important step for energy supply in the Netherlands.
This publication concludes the initial phase—the response period for the Notification of Intent and the proposed participation approach by the Ministry of Climate and Green…
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ADNOC has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from ADNOC’s lower-carbon Ruwais LNG project.
The 15-year SPA converts a previous Heads of Agreement into a definitive…
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Air Products has successfully completed the first fill of the world’s largest hydrogen sphere at the National Aeronautics and Space Administration’s (NASA) Kennedy Space Center located on Merritt Island, Florida, USA. NASA uses liquid hydrogen combined with liquid oxygen as fuel in cryogenic rocket engines.
To complete the fill, Air Products delivered over 50 trailer loads of liquid hydrogen…
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The first CO₂ volumes have now been transported through the 100-kilometre pipeline and injected into the Aurora reservoir 2,600 meters below the seabed of the Norwegian North Sea.
Tim Heijn, managing director of Northern Lights JV, says: 'We have reached an exciting milestone: We now injected and stored the very first CO₂ safely in the reservoir. Our ships, facilities and wells are now in…
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Neste has been awarded with Platinum EcoVadis Medal, after a sustainability assessment by EcoVadis places the company among the top 1% of the companies worldwide.
EcoVadis assesses how well a company has integrated sustainability into its business and management system, the company's impact on the environment, as well as how it fosters transparency and drives innovation. Since its founding in…
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Global Infrastructure Partners (GIP), a part of BlackRock and one of the world’s leading infrastructure investors, has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding (Eni CCUS), a leading global platform in the carbon capture, utilisation, and storage (CCUS) sector.
Eni CCUS currently encompasses the Liverpool Bay and Bacton projects in the UK,…
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Aramco has signed an $11 billion (€9.4 billion) lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.
Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw…
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In another blow to the UK's industrial infrastructure, the country's largest bioethanol plant will begin closing down operations, after the government decided not to offer the sector a rescue package. 160 jobs are set to be lost at Vivergo, a subsidiary of Associated British Foods, despite warnings that the would close without government support. AB Foods has highlighted the May UK-US trade deal…
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Centrica has confirmed that its trading arm, Centrica Energy, has entered into a natural gas sale and purchase agreement with US-based Devon Energy.
Under the agreement, Devon Energy will supply 50,000 (MMBtu) per day of natural gas over a 10‑year term starting in 2028. This is equivalent to five LNG cargoes per year. The volumes will be indexed to European gas hub price (TTF). This sale and…
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Norway has resumed oil and gas exploration in the North Sea for the first time since 2021, inviting bids for licences in the Barents Sea, Norwegian Sea, and parts of the North Sea. Energy Minister Terje Aasland comments: 'Oil and gas are the engine of the Norwegian economy.' The licensing round has apparently already attracted 'great interest' from industry.
The decision has reignited calls in…
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Greenergy, a leading European producer of biodiesel from waste, announces a 10-year extension to its lease with the Port of Amsterdam, reinforcing its long-term commitment to biofuel production in the Netherlands.
Since acquiring the Amsterdam biodiesel plant in 2018, Greenergy has made significant investments to convert the plant to manufacture waste oils, and most recently, to expand the…
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Centrica is to acquire the Isle of Grain liquified natural gas terminal (Grain LNG) in partnership with Energy Capital Partners from National Grid for an enterprise value of £1.5 billion (€1.7 billion). After taking into account approximately £1.1 billion of new non-recourse project finance debt, Centrica’s 50% share of the equity investment is approximately £200 million.
This move in is…
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Chiyoda has been awarded an engineering, procurement and construction (EPC) contract from Saibu Gas to build a new LNG tank at the Hibiki LNG base, Japan. This will enhance the base's LNG capacity, which currently has two LNG tanks already in operation. The third tank is expected to be completed by 2029.
Representatives from government agencies, local authorities and other stakeholders attended…
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A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/