Gazprom Neft (SIBN.MM), the oil arm of Russian gas giant Gazprom (GAZP.MM), plans to keep its oil refining steady next year, at around 41 million tonnes, a company manager said, as the firm goes ahead with a modernisation of its ageing refineries. The stable output at Gazprom Neft, which controls Russia’s largest oil refinery in [...]
A group of 18 companies led by the Port of Rotterdam Authority has launched a study into the feasibility of establishing a large-scale ammonia cracker to enable imports of around 1m tonnes of hydrogen annually for the decarbonisation of industry and mobility. A large part of the hydrogen for North-West Europe will be imported, including [...]
Dutch tank storage firm Vopak (VOPA.AS) upgraded on Friday its core profit and operating cash return outlook for the full year while continuing to cash in on a strong momentum in renewable energy and liquefied natural gas (LNG). The fall in Russian oil and gas supplies after Moscow’s invasion of Ukraine has left Western economies [...]
Global independent tank storage company Vopak is introducing a new contractual clause that requires customers to provide a certificate of origin for oil stored at its terminals, four industry sources told Reuters. The move comes ahead of European Union sanctions on Russian crude oil and oil product imports that will take effect on Dec. [...]
Vesta Terminals’ MAIA project at Vesta Terminals Antwerp (VTA) is changing hands. Following the launch of the project’s launch in March 2021, Vesta Terminals handed over the project to VTA operations. In total, five multi-purpose tanks of 30,000m³ each were built and connected to the CEPS pipeline. The project aims to connect the terminal to [...]
Vopak is preparing for the storage of green ammonia in the Netherlands at its terminal in Vlissingen, with berths, pipeline and infrastructure availability, it said on Tuesday, as it gauges market interest. Two existing 55,000cbm liquefied petroleum gas (LPG) storage tanks can be re-purposed for ammonia, the tank storage company said, and it has space [...]
Today, Venture Global LNG and EnBW announced the expansion of their existing LNG partnership to 2 million tonnes per annum (MTPA). Under the 20-year Sales and Purchase Agreements (SPAs) signed in June 2022, EnBW has increased the quantity of its long-term LNG offtake from Venture Global by an additional 0.5 MTPA from Plaquemines and CP2 [...]
KGAL Investment Management has acquired a 9,200sqm office property in the Netherlands on behalf of a pan-European fund. The €16.5bn asset manager said it has bought the Westerlaan 10 property in Rotterdam which serves the headquarters of Dutch tank-storage company Vopak until 2035. Financial details were undisclosed. André Zücker, managing director and head of real estate [...]
Alkion is a leading bulk liquid storage operator and consolidation platform in Western Europe focusing on chemicals and biofuels. It operates nine terminals in five major European economies: France, Portugal, Spain, Italy and the Netherlands. Alkion is currently managing 1.2 million cubic meters of capacity with significant additional organic growth planned in biofuel and chemical [...]
Dutch Gate terminal, a joint venture of Vopak and Gasunie, has taken initiatives to strengthen its position in the security of the LNG supply of Northwest Europe. Gate terminal to boost LNG capabilities Operational since 2011, Gate terminal’s initial capacity amount to 12 billion cubic meters per year (bcma) and can in the future [...]
