Working natural gas inventories of storage fields operated by the two largest natural gas distributors in California total 100.6 billion ft3. Although this level is 4% higher than levels one year ago, storage operation and capacity utilisation varies significantly by region.
Wood Mackenzie reports that China’s LNG imports are set to fall over 14% year-on-year to 69 million t in 2022, the largest decline since it began LNG imports.
Analysts at Wood Mackenzie believe that storage refill is at risk unless additional demand and supply measures are taken.
Colonial Pipeline Terminals has been recognised by ILTA with the Safety Excellence Award for its dedication to promoting a well-rounded safety culture.
A fire at Freeport LNG‘s natural gas liquefaction plant in South Texas, US, has led to the full shutdown of the facility. The shutdown will reduce total US LNG export capacity by approximately 2 billion ft3/d.
The deal adds Scanjet’s intelligent tank management solutions to Alfa Laval’s tanker offering.
Braskem Idesa has signed an investment agreement with Advario for a joint 50% stake in the construction and operation of an ethane import terminal in Mexico – the Puerto Mexico Chemical Terminal.
On 8 June 2022, an incident occurred at the Freeport LNG liquefaction plant on Quintana Island, Texas, US, that resulted in the release of LNG, leading to the formation and ignition of a natural gas vapour cloud, and subsequent fire.
The Steel Tank Institute/Steel Plate Fabricators Association presented McDermott's storage business, CB&I, with safety awards in three categories during its annual meeting in New Orleans, US.
Fintan Duffy, Managing Director of Re-Gen Robotics, was presented with the Outstanding Achievement Award at the 5th Global Tank Storage Awards 2022 in Rotterdam, the Netherlands.
PIS has signed an MoU with PT Badak NGL for the development of the LNG sector in Indonesia, which is a growing area of business.
The earlier announced partnership, Aegis Vopak Terminals Ltd, has been successfully completed.
India is expected to drive the liquids storage projects count in Asia, contributing approximately 40% of the region’s total liquids storage projects count from 2022 to 2026.
CB&I and Korea Gas Corp. have signed an MoU to explore the development of large-scale liquid hydrogen storage to support Korea's Hydrogen Economy Roadmap.
McDermott's storage business, CB&I, was presented with two Field-Erected Tank of the Year awards by the Steel Tank Institute/Steel Plate Fabricators Association during its annual meeting in New Orleans, US.