Terminal News
INEOS has signed a 20-year contract with Sempra Infrastructure for the supply of 1.4 million tonnes per annum (mtpa) of liquified natural gas (LNG) from Phase 1 of the Port Arthur LNG facility under development in Texas, US. The agreements come at a critical time for energy markets and will provide much needed security of supply for Europe.
Under the agreement INEOS has agreed to purchase…
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Saudi developer, investor, and operator of power generation, ACWA Power, and worldwide green hydrogen plant owner, PTT Public Company Limited (PTT) signed a landmark memorandum of understanding (MoU) along with Thailand’s national integrated energy company and Electricity Generating Authority of Thailand (EGAT). The MoU is to embark on projects focused on green hydrogen and its derivatives to…
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State-owned petroleum company, QatarEnergy has announced the signing of two long-term LNG sale and purchase agreements (SPAs) with hydrocarbon corporation, ConocoPhillips. This SPA regards the delivery of up to 2 million tons per annum (MTPA) (1.8 million tonnes) of LNG from Qatar to Germany.
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips that…
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As the official media partner of StocExpo 2023, Tank Storage Magazine brings you a sneak preview into the fantastic new features happening at this year's event:
Terminal Tour
For the first time at StocExpo, you have access to an exclusive Terminal Tour. On the morning of 14 March Koole Tankstorage Botlek (KTB) will be hosting a terminal tour at its current and future fuels terminal in the heart…
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Norway and Switzerland have signed a deal to further explore carbon capture and storage (CCUS) and carbon dioxide removal (CDR). The agreed cooperation follows a meeting between the Norwegian minister of petroleum and energy, Terje Aasland, and the Swiss minister of the environment, transport, energy and communications, Simonetta Sommaruga.
Norway’s vast carbon capture potential will be…
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BP has been awarded two exploration blocks in the Mediterranean Sea. The operator holds 82.75% of the northwest Abu Qir Offshore Area, which is located to the west of the North King Mariout block (100% held by BP) and north of the Raven field.
It covers an area of approximately 1038 km² and has water depths ranging between 600m and 1,600m.
BP also holds a 50% share in the Bellatrix-Seti…
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J. de Jonge TankX company will be opening a base in Houston, Texas USA, in line with its 2023 growth activities. As of December 1, 2022. The new company, TankX USA, will be managed by Carey Porsche and is due to open in December. TankX USA will be offering safe lifting for all types of tanks, in-house engineering, proven technology, and fit-for-purpose equipment.
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ACWA Power, a leading Saudi developer, investor, and operator of power generation, water deamination, and green hydrogen plants worldwide, signed a memorandum of understanding with PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity provider. The agreement looks to develop battery storage from renewable energy facilities and green hydrogen development in the country.
The…
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Wood has been given a five-year contract with Centrica Storage that includes the provision of engineering, procurement and construction solutions, operations and maintenance services, as well as project management for the Rough gas field and the Easington Gas Terminal in east Yorkshire, UK.
Rough, the UK's largest natural gas storage site, was recently reopened to help boost the UK's energy…
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Global energy company, QatarEnergy has entered into a 27-year sale and purchase agreement (SPA) with oil and gas enterprise, China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (3.6 million tonnes) of LNG to China.
Under the terms of the SPA, the contracted LNG volumes will be supplied from QatarEnergy’s North Field East (NFE) LNG expansion project…
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Energy infrastructure company, Sempra has announced that its subsidiary, Sempra Infrastructure, and multinational hydrocarbon corporation, ConocoPhillips have implemented a 20-year sale and purchase agreement (SPA) for 5 million tonnes per annum (mtpa) of liquefied natural gas (LNG). This will be from Phase 1 of the proposed Port Arthur LNG project under current development in Jefferson County,…
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Avenir has completed its first LNG delivery into the newly commissioned Hamina LNG terminal in Finland. The LNG cargo was loaded by Avenir Supply & Trading on board the Avenir Aspiration vessel from the Murgardos terminal in Spain. Her sister ship, Avenir Ascension, is currently enroute towards Hamina for the second LNG unloading in a few days’ time.
The delivery into Finland further…
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Neptune Energy has called on the UK government to support changes to the country’s gas entry specifications in order to deliver more domestic gas to households and businesses in 2023. Revising the specification could unlock enough gas to heat more than 12 million UK homes for a whole year.
A five-year industry-wide consultation is now ending. No safety issues were detected in the initial…
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Energy storage provider VTTI has announced the acquisition of the IPTF (IL&FS Prime Terminals FZC) energy storage terminal in Fujairah, UAE.
The acquisition means that VTTI now owns 90% of the terminal, while the other 10% will remain with the Fujairah government. The 333,484 m3 terminal allows VTTI to expand its position in the Port of Fujairah.
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Large-scale LNG project company, Inpex, has announced it has taken a final investment decision on drilling operations and the construction of facilities associated with a demonstration clean hydrogen-ammonia project in Kashiwazaki City, Japan.
This will be implemented at the Inpex-owned Higashi-Kashiwazaki gas field in the Hirai area of Kashiwazaki City. The project is expected to involve the…
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Vopak and Petroliam Nasional Berhad (Petronas) have signed a memorandum of understanding (MoU) for the development of a CCS value chain in southeast Asia.
As part of the agreement, both companies will study the development of the CCS value chain focusing on the carbon emitted by industries in Singapore. This will include carbon transport from a Vopak terminal for potential injection into the…
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Air Products and Mabanaft, through a joint development agreement, its subsidiary Oiltanking Deutschland, have announced their intention to build Germany’s first large-scale, green energy import terminal in the Port of Hamburg.
The joint development agreement aims to develop green ammonia import and distribution infrastructure in the Port of Hamburg. The project hopes to provide hydrogen to…
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Petroleum and natural gas company, Aramco, is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate. This is in line with the company’s strategy to maximise the crude to chemical value chain.
The $7 billion (€6.7 billion) Shaheen project aims to convert crude oil into…
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StocExpo, the leading international tank storage event, taking place 14-16 March 2023, has transitioned away from its former branding to an updated, fresher, look with a white and green theme. In recognition of the evolution of the tank storage industry towards cleaner, greener fuels, StocExpo has changed its branding with more modern colours and icons.
Working across an international audience,…
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As of 17 November, Alkion Terminals and Koole Terminals are officially one group, working together toward a more sustainable future. With 20 terminals in seven countries, 900 employees and a total capacity of 5.3 million m3, Alkion Terminals and Koole Terminals have significantly increased their potential together.
The new organisation aspires to become the European market leader in innovative…
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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/