Tank Storage News

/Tank Storage News/

Tank Storage Firm Vopak Hikes Guidance Amid Energy Transition

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 [...]

November 25th, 2022|Storage News|

Vopak to Require Origin Proof Ahead of EU Sanctions on Russian Oil – Sources

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. [...]

November 25th, 2022|Storage News|

Vesta Terminals Hands Over MAIA Project

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 [...]

November 8th, 2022|Tank Terminal|

Vopak Preparing for Green Ammonia Handling and Storage at Vlissingen, The Netherlands

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 [...]

November 8th, 2022|Tank storage|

Venture Global and EnBW Announce Expansion of LNG Partnership

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 [...]

October 17th, 2022|Storage News|

KGAL Fund Acquires Vopak’s Rotterdam HQ Building

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 [...]

September 8th, 2022|Rotterdam storage|

Koole Terminals Acquires Alkion Terminals

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 [...]

August 1st, 2022|Rotterdam storage|

Gate Terminal to Boost LNG Capabilities

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 [...]

July 14th, 2022|Tank storage|

LNG Terminal in Wilhelmshaven: Construction of the Pipeline May Start Early

The State Office for Mining, Energy and Geology (LBEG) in Lower Saxony has approved the early start of construction of a 26-kilometer underground pipeline between the future LNG terminal in Wilhelmshaven and the connection to the national natural gas network in Etzel (municipality of Friedeburg).   The aim is to meet the ambitious schedule of [...]

July 5th, 2022|Fuel Storage, Tank Terminal|

Europe’s Gas Storage Tanks Already Half Full, But Will It Be Enough?

Gazprom cuts supplies of gas as Europe races to fill its storage tanks.   These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter. That race became even more poignant after Russia’s state-owned gas behemoth Gazprom cut supplies to [...]

June 28th, 2022|Storage News|
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