Tanks & terminals

As the peak of the hurricane season approaches, refiners and petrochemical manufacturers in the US are working to ensure that their facilities are secure and prepared to withstand storms.

Enterprise and Chevron have announced agreements supporting the development of an offshore crude oil terminal in the Gulf of Mexico.

The European Commission has found that Croatian plans to construct and operate an LNG terminal at Krk island are in line with EU state aid rules.

NuStar Energy has completed the US$250 million sale of its St. Eustatius oil storage terminal to Prostar Capital.

The EIA has reported that US LNG exports to Europe will increase while demand in Asia drops.

YPF and Excelerate have reached a preliminary agreement to charter a carrier to transport LNG produced at the Tango FLNG unit.

FERC has authorised Cameron LNG to commence service from Train 1 at its LNG facility.

The first cargo of US LNG under the long-term agreement between PGNiG and Cheniere has arrived in Poland.

GlobalData has reported that China will drive global liquids storage capacity growth by 2023, adding 135 million bbl.

Total has signed a gas supply agreement and a host government agreement for the development of the LNG market in Benin.

To address the increasing number of LNG project applications, FERC is creating a new LNG division and opening a Houston office.

GlobalData reports that India will contribute 35% of Asia and Oceania’s LNG regasification capacity growth in 2023.

Train 1 of the Freeport LNG Liquefaction project has reached the final commissioning stage.

Eni has begun the installation of the hull of the Coral Sul FLNG, due to be launched in 2020 with production beginning in 2022.

Wood Mackenzie reports that Russia is looking to retain its edge as Europe’s gas market changes.