Woodside and Uniper sign HOA for long-term LNG supply
Woodside and Uniper have signed a heads of agreement for the supply of LNG for 13 years, beginning in 2021.
Tanks & terminals
See below for the latest news covering the oil, gas and petrochemical storage sector.
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CLH invests €4.5 million in power supply for storage facility
Two new power lines and a substation will be constructed by CLH to supply its facility in Arahal.
US to contribute 40% of new-build small-scale liquefaction capacity
GlobalData has reported that, by 2023, the US will contribute 40% of new-build small-scale LNG liquefaction capacity additions.
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Cheniere and EOG Resources sign long-term gas supply agreements
According to the gas supply agreements, EOG Resources will sell natural gas to Cheniere over a 15 year period.
Freeport LNG launches virtual LNG cargo trading storefront
Freeport LNG has announced the launch of a virtual private storefront in the Redwood Marketplace for the selling of LNG cargoes.
Sembcorp Marine completes Petrobras FPSO
Sembcorp Marine has announced that Petrobras’ P-68 FPSO has left the shipyard to be deployed in Brazil’s Santos Basin.
Energy Transfer acquires SemGroup for US$5 billion
Increasing its export capacity and storage infrastructure, Energy Transfer will acquire SemGroup for US$5 billion.
China Petrochemical to lead global liquids storage capacity growth
GlobalData has reported that China Petrochemical Corp. is likely to add 9% of new-build liquids storage capacity growth by 2023.
New LPG storage tanks arrive at Port of Richards Bay
Four 5650 t LPG storage bullets have arrived at South Africa’s Port of Richards Bay.
More Tanks & terminals news
Fortress Investment Group to lead liquefaction capacity growth by 2023
GlobalData has reported that Fortress Investment Group is to lead global small-scale LNG liquefaction capacity additions by 2023.
Royal Vopak acquires stake in Colombian LNG terminal
Royal Vopak now holds a 49% share of the SPEC LNG import facility in Cartagena, Colombia.
Adriatic LNG celebrates its tenth anniversary
Venice hosted the celebration of the tenth anniversary of operations at the Adriatic LNG regasification terminal.
Parkland Fuel Corp. acquires Tropic Oil Co.
Parkland Fuel Corp. has entered into an agreement to acquire Tropic Oil Co., adding a third US regional operating centre to its portfolio.
Commonwealth LNG’s permit application receives FERC approval
The US Federal Energy Regulatory Commission has accepted Commonwealth LNG’s filing application for its Gulf of Mexico project.
Keeping ahead
Ng Weng Hoong, Contributing Editor, reports on why Singapore’s storage network has bolstered its role as Asia’s oil pricing hub, despite competition from neighbouring countries.