OCI Global announces sale of OCI Ammonia Holding to AGROFERT
OCI Global has announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding to AGROFERT for a total consideration of €290 million.
Tanks & terminals
See below for the latest news covering the oil, gas and petrochemical storage sector.
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Suez Canal Authority and Ministry of Petroleum ink LNG station deal
Egypt’s Suez Canal Authority and Ministry of Petroleum have signed a memorandum of understanding to advance the development of an LNG liquefaction and bunkering station in El-Raswa, Port Said.
DIALOG announces expansion of Pengerang Deepwater Terminals
DIALOG Group has announced the expansion of Phase 3 of the Pengerang Deepwater Terminals (PDT) in Pengerang, Johor, southeastern Malaysia.
Glenfarne and Baker Hughes to advance Alaska LNG
Alaska LNG, majority owned and developed by Glenfarne Alaska LNG, LLC (Glenfarne), and Baker Hughes have announced a strategic alliance to advance the Alaska LNG Project, US.
US natural gas inventories enter winter at similar level to 2024, the most since 2016
Working natural gas in storage in the Lower 48 states ended the natural gas refill season with more than 3900 billion ft3, according to estimates based on data from the EIA’s Weekly Natural Gas Storage Report.
SIAS, TSA and Reynolds Training launch new SIAS Level 2 Diploma in bulk storage operations
A new SIAS Level 2 Diploma in bulk storage operations has officially launched, marking a step forward in professional standards, safety and career development across the bulk storage sector.
Europe’s LNG buildout slows amid anticipated decline in gas demand
Europe’s construction of LNG import terminals is losing momentum, indicating that countries across the continent overestimated future gas demand, the IEEFA has reported.
More Tanks & terminals news
Brazil is expanding its LNG import infrastructure
Companies operating in Brazil have expanded the country’s LNG regasification infrastructure since 2020, more than doubling its import capacity, the EIA has reported.
Ottco and Royal Vopak sign agreement for SEZAD
Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).
EemsEnergyTerminal partners with EXMAR for terminal extension
EXMAR has entered into a strategic partnership with EemsEnergyTerminal, a subsidiary of Gasunie and Vopak, to extend the operation of the Eemshaven LNG import terminal after 2027, the Netherlands.
UAB-online announces partnership with DPA
UAB-Online has announced a new partnership with Digital Port Agency Ltd (DPA), headquartered in the UAE.
North America’s LNG export capacity could double by 2029
LNG exporters in the US have announced plans to more than double US liquefaction capacity, adding an estimated 13.9 billion ft3/d between 2025 and 2029, according to the EIA.
Burckhardt Compression wins order for new chemicals terminal
Burckhardt Compressions has secured a major equipment order for a new chemicals storage facility in the TA’ZIZ Industrial Chemicals Zone, located in Al Ruwais Industrial City, Abu Dhabi, UAE.
FourPoint Resources and Energy Transfer to expand Price River Terminal
FourPoint Resources has announced an agreement with Energy Transfer to expand the Price River Terminal in Wellington, Utah, US, doubling the terminal’s export capacity.
Chart Industries wins Port Arthur LNG Phase 2 Project contract
Chart Industries has been awarded a contract to supply air-cooled heat exchangers, brazed aluminium heat exchangers, and cold boxes for Sempra Infrastructure’s Port Arthur LNG Phase 2 development project.