London — A fire broke out at the Trans-Israel or Eilat-Ashkelon pipeline in Ashkelon, Israel, after a rocket from Gaza hit a crude oil storage tank on May 11, according to local media reports. Violence has escalated in recent days, with rockets fired at Israeli cities from the Gaza Strip and the Israeli military carrying [...]
It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows. “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas [...]
Sharjah-based ATS Terminals has announced plans to increase its tank storage capacity from 42,000 cu m to 72,000 cu m at a total investment of AED55 million ($15 million). Based at Hamriyah Free Zone in Sharjah, the Indian company offers services like storage and transport of liquid chemicals and fuel. Its state-of-the-art terminal is [...]
Russian natural gas giant Gazprom signed a preliminary agreement with global engineering company Linde to deliver engineering and procurement services for the Ust-Luga gas processing plant on the Baltic Sea. Gazprom CEO Miller signed the agreement on behalf of RusKhimAlyans, a special-purpose company established on a parity basis by Gazprom and RusGazDobycha and chaired [...]
Indian companies are investing billions of dollars to build infrastructure, including pipelines and a new LNG import terminal. NEW DELHI: Petronet LNG, India’s top liquefied natural gas (LNG) importer, plans a 29% increase in its Dahej terminal’s capacity to 22.5 million tonnes per annum (mtpa) to meet rising demand, its chief executive said on Friday. [...]
KUALA LUMPUR – Malaysia’s Petronas on Friday (Feb 26) delayed the launch of its Pengerang Integrated Complex until the second half of the year from the first, but dismissed rumours partner Saudi Aramco was looking to exit the US$27 billion (S$36 billion) project. The state oil firm Petronas said it faced another challenging year [...]
February 27, 2021 [Argus] – The Middle East’s main oil and products storage hub of Fujairah, UAE, should be wary of adding too much refining capacity and focus instead on renewable energy projects, participants at the Fujairah IP Week workshop said. Refining activity in Fujairah is mostly focused on very low-sulphur fuel oil (VLSFO) [...]
Vopak is investing in the Port of Rotterdam for the storage of waste-based feedstocks for the production of biodiesel and sustainable aviation fuel. The market for energy from renewable sources in Europe is rising as a result of the European Union’s Renewable Energy Directive II. A total of 16 new tanks with a combined capacity [...]
February 8th, 2021 [Tank News International] – Keppel Infrastructure Trust (KIT) and Metro Pacific Investments Corporation (MPIC) have completed their purchase of Philippine Tank Storage International (Holdings) (PTSI). PTSI owns the largest petroleum products import storage facility in the Philippines. The deal was first announced on December 9, 2020. In a February 1, 2021 filing [...]
