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 [...]
As hydrocarbon exploration ramps up in many resource-rich basins across Africa, countries are turning to downstream developments in order to increase domestic production capacity, reduce refined product imports, and maximize the benefits of Africa’s significant oil and gas resources. Through the development of large-scale oil refineries across the continent, Africa continues to position itself as [...]
Stolthaven Terminals and Revivegen Environmental Technology Co. LTD have signed a letter of intent to jointly develop a new greenfield terminal in Kaohsiung Port, Taiwan. Following Revivegen’s successful award of a land lease at the port, the two companies are currently working on a comprehensive feasibility study. Stolthaven Terminal’s interest in the new JV is [...]
Harvestone Group, a global commodity merchant focussed on biofuels, has bought Gateway Terminals in Sauget, Illinois, US. Gateway Terminals, on the banks of the Mississippi River, was built in 2008 and has a capacity of 400,000 bbl. It is a multimodal terminal with truck, rail, and barge loading and unloading capabilities. Kevin Stewart, chief [...]
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 [...]
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 [...]
Iran can export oil from the Oman Sea for the first time via the Jask oil terminal, Abbas Asadrooz, the CEO of the Iran Oil Terminals Company, said on Wednesday. “The Jask oil terminal is one of the largest and most important projects in the southeast of the country and having it operational will [...]
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 [...]
