Terminal News
In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies has announced the signing of two new LNG medium- and long-term contracts in Asia:
A sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800,000 tons (725,748 tonnes) per year of LNG for 10 years from 2026
An agreement (HoA) with Korea South-East…
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Vopak has signed a strategic cooperation agreement with the Vice Mayor of Tianjin, China, delegation to support the repurposing of Vopak Tianjin's infrastructure for new energies. Tianjin, the economic hub of Bohai Bay, is the largest port in Northern China. As the number of new energies projects in the area continues to grow, Tianjin is becoming an increasingly important logistics hub for their…
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The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore on the maritime border of Mauritania and Senegal. The FPSO vessel is currently being moored at the site 40 km offshore, in a water depth of 120 m. It will be operated by BP, on behalf of the project’s partners: BP,…
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Advario and Fluxys are progressing towards the next phase of their joint low-carbon ammonia terminal project in the Port of Antwerp-Bruges, Belgium. This includes initiating commercial proceedings to invite market players to reserve capacities in the terminal during the open season and advancing to FEED studies, a critical phase laying the groundwork for the terminal's development.
The planned…
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Algeria's state-owned oil and gas firm Sonatrach has signed an agreement with US oil major ExxonMobil to allow the study of opportunities to develop hydrocarbon resources in Algeria's Ahnet and Gourara basins. The signing comes after Algeria's Hydrocarbon Law means that all oil and gas resources in Algeria are owned by the state. The move for additional hydrocarbon exploration will hopefully…
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AltaGas and Vopak have reached a positive final investment decision (FID) on the Ridley Island Energy Export Facility (REEF), a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure on Ridley Island, British Columbia, Canada.
Following a five-year environmental preparation and review process, extensive engagement with multiple…
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According to the company's LinkedIn, Advario has supported the delivery of the first batch of blended Neste MY Sustainable Aviation Fuel (SAF) into Singapore Changi Airport, one of Asia Pacific’s largest aviation hubs. This achievement highlights the dedication of both Advario Singapore and Neste to support the aviation industry's journey to a more sustainable future.
The SAF was produced at…
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ConocoPhillips and Marathon Oil Corporation have announced that they have entered into a definitive agreement for ConocoPhillips to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion (€20.8 billion), inclusive of $5.4 billion of net debt.
Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock…
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Rubis Terminal's 2023 sustainability report has been published, in a display of the company's commitment to ESG (Environmental, Social and Governance) and Corporate Social Responsibility (CSR). 'In 2023, Rubis Terminal continued its journey for ambitious CSR targets, while showing ongoing progress on our results. In a world navigating through evolving landscapes, our team has demonstrated…
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Exolum is to build a new storage terminal for biofuels and other bulk liquid products in the Port of Bilbao, Spain, on a plot adjacent to its facility in Zierbena. The first phase of the project, with a planned investment of €20 million, will start in 2025 and is expected to be operational in 2027. It will also expand the company’s service portfolio and its capacity for product storage and…
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EU lawmakers have adopted the Net-Zero Industry Act (NZIA), a regulation aimed at strengthening the resilience and competitiveness of net-zero technologies manufacturing in the EU, and make the Union’s energy system more secure and sustainable.
The Act sets an overall benchmark for the manufacturing capacity of strategic net-zero technologies to meet at least 40% of the EU’s annual…
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Neste has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT terminal in Rotterdam, the Netherlands, for the storage and blending of Neste MY Sustainable Aviation Fuel. The terminal is located in one of the…
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Korea Middle Power Co (KOMIPO) and Vitol have agreed to extend an existing long-term LNG Supply and Purchase Agreement (LNG SPA), originally signed in 2011. Deliveries commenced in 2015, with Vitol supplying KOMIPO with over 4 million tonnes of LNG over 10 years. Under this extension agreement, Vitol will continue to supply KOMIPO with LNG. From 2025 to 2028 Vitol will supply three cargoes per…
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Leading energy companies Equinor, Centrica and SSE Thermal have launched plans for a collaboration of multiple low carbon hydrogen projects on the north bank of the Humber which also link to wider plans within the region.
The plans, which include the transformation of the Easington gas terminal, were launched yesterday in the Houses of Parliament to an audience of MPs, civil servants, industry…
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OMV Petrom has commissioned a new crude oil tank on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field for increased safety. It features double walls and a double base, an aluminium dome cover, and an inner floating lid to retain vapour emissions. The construction of the project took approximately two years, with investments…
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The European Council has announced a new regulation establishing rules for renewable and natural gases, and reforming the existing EU gas legislation.
The new rules will help in making the shift to renewable and low-carbon gases, in particular hydrogen, with a view to achieving the EU’s decarbonisation targets.
The gas package outlines rules for the natural gas market and establishes a…
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Arabian Chemical Terminals in Abu Dhabi (ACTAD) is has announced the start of operations at its newly built chemical tank storage terminal in Khalifa Port, Abu Dhabi, UAE. The terminal is the first commercial chemical tank farm of its kind in the Emirate.
Strategically located in the new world class Khalifa Port and adjacent to the Khalifa Economic Zone Abu Dhabi (KEZAD), ACTAD aims to…
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The Trans Mountain pipeline expansion project has been completed in Canada and commenced commercial operations. The expansion project cost $30.9 billion (€28 billion) and involved laying 980 km of pipe alongside the existing 1,150 km route.
First commencing operations in 1953, the new expansion was completed in the third quarter of 2023, and commercial operations began in May 2024 with the…
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JERA has announced its new growth strategy that integrates strategic business pillars and organisational edge, marking a realistic pathway towards 2035, and ultimately its 2050 zero emission goals. Amidst complex and rapidly changing global energy dynamics, JERA’s new growth strategy ensures the agility and efficiency further solidifying its leadership in solving energy trilemma, achieving…
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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/