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 [...]
January 18, 2021 [Tehran Times] – The offshore development of Jask oil terminal will be started in a couple of days, the deputy managing director of National Iranian Oil Company (NIOC) for engineering and development affairs told IRNA on Friday. Referring to the construction process of the Goreh-Jask pipeline and the Jask export terminal, Reza [...]
The economic downturn has taken a toll on the liquefied natural gas sector. A little more than two weeks after Sempra Energy announced it was delaying a final decision whether to construct a massive LNG facility on the Gulf Coast of Texas because of the global slowdown, Reuters has reported Saudi Aramco has suspended [...]
Belgian gas grid operator Fluxys and Russian producer Novatek on Wendesday set up a joint venture to build a LNG terminal in the northern German port city of Rostock by 2022. The LNG storage terminal will have an import capacity of 300,000m tonnes annually, according to Laurent Remi, spokesman for Fluxys. However, the project does [...]
