Tanks & terminals

Baker Hughes has announced a major order from Venture Global LNG to provide a comprehensive liquefaction solution for its CP2 LNG expansion project in Louisiana, US.

Energia Costa Azul, the second LNG export facility in Mexico, shipped its initial cargo from Phase 1 of the terminal on 8 July 2026, according to the project developer, the US EIA has reported.

For the week ending 17 July 2026, commercial crude oil inventories (excluding the Strategic Petroleum Reserve) increased 2.0 million barrels to 411.7 million barrels, 6% below the previous five-year (2021 - 2025) average, the US EIA has reported.

AB KN Energies has announced an additional invitation to submit requests for the allocation of 2027 Klaipeda LNG terminal capacities, Lithuania.

In the first half of 2026, Adriatic LNG was Italy’s third-largest source of natural gas imports, after the pipelines transporting gas from Algeria and Azerbaijan.

Asian LNG demand is heading for a second consecutive year of decline, reports Wood Mackenzie.

Crude oil inventories held at storage facilities in Cushing, Oklahoma, US, fell below 20 million bbl during the week ending 19 June until the week ending 10 July, according to EIA's Weekly Petroleum Status Report.

Glenfarne Group, LLC announced a US$500 million investment with lead investors being investment funds and accounts managed by global investment firm, HPS Investment Partners, a part of BlackRock.

Technip Energies has awarded Yokogawa Corp. of America the role of main automation contractor for the Commonwealth LNG project.

UAB Ignitis has secured an additional 2 TWh of annual regasification capacity on the secondary market for the period of 2033 – 2044 for KN Energies’ Klaipeda LNG terminal.

Dover Fueling Solutions® has announced the launch of ProGauge MagLink Anywhere™ which is designed to give fuel retailers reliable, real-time access to critical tank and console data from anywhere.

To address corrosion under insulation (CUI) , industry stakeholders have come together in a Joint Industry Project (JIP) led by SIRRIS, a Belgian non-profit research and innovation centre for the technological industry.

GRP Plasticorr Ltd has selected Gerotto’s technology to perform cleaning of the underground tanks of petrol stations in Hungary.

Energy Transfer LP has announced an expansion of the Nederland NGL Export Terminal to meet additional customer demand, Texas, US.

A second FSRU terminal will be constructed in the Gulf of Gdansk, meaning Poland will operate three LNG terminals.