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New Terminals to Boost Storage Capacity

LNG import terminals, to be built in 12-15 months, will help cope with gas crisis Pakistan is all set to install two more liquefied natural gas (LNG) import terminals over the next 12-15 months to deal with the ballooning gas crisis after the government approved connection of the terminals with transmission and distribution network from [...]

October 14th, 2021|Fuel Storage, Storage News, Tank Terminal|

Port of Fujairah Expecting Record Throughput for Liquid Bulk in 2021

The Port of Fujairah, the world’s third-biggest bunkering hub, is expecting a record year in throughput for its liquid bulk volumes as the facility continues to grow its services and terminals boost their operations, its business development manager said Sept. 28.   “Liquid bulk is outperforming our expectations,” Martijn Heijboer told the Fujairah APPEC virtual [...]

October 5th, 2021|Fuel Storage, Storage News|

Oil storage group Vopak’s profits hit by one-off charge, shares slump

Dutch oil storage company Vopak (VOPA.AS) on Wednesday reported second-quarter net profit that missed market expectations, after taking an impairment related to its terminal in Panama, sending its shares down nearly 8%. The group, which operates storage terminals around the world, reported net profit of 76.1 million euros ($89.86 million) in the three months to [...]

August 4th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

New Tank Farm for Ust-Luga

A new tank far is to be built on the territory of the condensed gas terminal in the port of Ust-Luga in the Russian Baltic. The Main Department of State Expertize has approved the project documentation and engineering studies for the first stage of the project. The project envisages building four steel tanks with a [...]

July 21st, 2021|Fuel Storage, Tank Terminal|

Rocket Hits Crude Oil Storage Tank at Trans-Israel Pipeline: Reports

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 [...]

May 16th, 2021|Fuel Storage, Storage News, Tank storage, Tank Terminal|

U.S. LNG Terminals Seen Running at Full Capacity Through Summer to Meet Global Demand

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 [...]

May 3rd, 2021|Fuel Storage, Storage News, Tank storage, Tank Terminal, US Terminals|

Report: Saudi Aramco Puts LNG Shipments from Sempra Project in Texas on Hold

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 [...]

May 27th, 2020|Fuel Storage|

Huelva LNG Terminal to Get Small-Scale Loading Capability

Enagás has awarded a contract to Spanish engineering company Ayesa to redesign the jetty at its Huelva LNG terminal. The revamped mooring set-up will enable the loading of small-scale gas carriers, including LNG bunker vessels (LNGBVs), and the direct loading of bunker tanks on LNG-powered vessels. This will be the third such project undertaken by [...]

September 14th, 2018|Fuel Storage, Tank Terminal|

Tank Storage in the Future

Zhang Weiliang, CEO of UAV company Avetics Global, explains how the use of drones & automation are increasingly becoming part of the future for tank storage maintenance. The concept of using a drone to inspect a storage tank is a concept often mentioned in the storage industry, and several potential means of implementing the technology [...]

September 8th, 2018|Fuel Storage, Tank Terminal|

Ogra Proposes Construction of Ten New Oil Storage Facilities

10 new oil marketing companies are expected to be established next year for more effective supply of petroleum products across the country. The Oil and Gas Regulatory Authority (Ogra) has proposed the construction of 10 new oil storage facilities, having a combined capacity of 304,445 metric tons petrol and 446,335 diesel, during the financial year [...]

May 31st, 2018|Fuel Storage|
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