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GlobalData: US has highest oil storage capacity

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Hydrocarbon Engineering,


GlobalData analysis of the global liquids storage market has shown that the US has the highest liquids storage capacity globally with 2,162 million bbls.

Indonesia and China follow with 2,014 million bbls and 660 million bbls, respectively.

The US currently accounts for 26% of the total global liquids storage capacity. The country has 1675 active liquids storage terminals. The US is expected to add a capacity of 46 million bbls from 21 planned and announced storage terminals during 2018 to 2021.

Indonesia has a 24% share in the global liquids storage capacity this year. The country has 176 active liquids storage terminals. Indonesia is forecast to add a capacity of 54 million bbls from four planned and announced terminals during the period 2018 to 2021.

China contributes approximately 8% of the total global liquids storage capacity in 2018. The country has 118 active liquids storage terminals. A total of 10 planned and announced terminals in China are expected to add a capacity of 66 million bbls during 2018 to 2021.

The fourth major contributor to the global liquids storage is Japan with 354 million bbls, contributing about 4% of the global total in 2018. The country has 72 active liquid storage terminals. Presently there are no planned and announced projects that would start operations during 2018 to 2021.

South Korea is the fifth largest contributor to the global liquids storage capacity with 231 million bbls in 2018, contributing about 3% of the global total. The country has 36 active liquid storage terminals. South Korea will add a capacity of 12 million bbls from two planned and announced terminals during 2018 to 2021.

The Netherlands accounts for 3% of the global liquids storage with 218 million bbls in 2018. The country has 39 active liquid storage terminals. Presently there are no planned and announced projects that would start operations during 2018 to 2021.

India, the UK, the UAE and Spain account for 7% of the global liquids storage capacity with 537 million bbls in 2018. India and the UAE are expected to collectively add a capacity of 34 million bbls from 12 planned and announced terminals during the period 2018 to 2021.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/08022018/globaldata-us-has-highest-oil-storage-capacity/

 

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