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Tanks and Terminals news updates

 

IGU releases new report for underground gas storage

The IGU has released its Underground Gas Storage – A Critical Pillar for Energy Security report, using data from the IGU’s members’ database and highlighting the role of gas storage as a pillar of the future energy system.

Ottco and Royal Vopak sign agreement for SEZAD

Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).

Hempel launches Hempaline Defend 430

Hempel has launched Hempaline Defend 430, a tank lining created to help energy operators boost efficiency, minimise downtime, and extend maintenance intervals.


More tanks and terminals news updates

US ethane exports projected to grow through 2026

US ethane exports are poised for significant growth through 2026, driven by robust global demand for ethane as a petrochemical feedstock, substantial US export capacity expansions, and larger vessels to carry ethane exports, the EIA has reported.

 
 

ClassNK isues AIP for methanol fuel tank design

ClassNK has issued an approval in principle (AiP) for a methanol fuel tank design concept developed by SRC Group, which demonstrates its feasibility from regulatory and safety perspectives.

 
 

Snam signs agreement to acquire Higas and convert Oristano LNG to FSRU

Snam has signed an agreement with Higas to initiate a period of exclusive assessment and negotiation regarding the potential acquisition of the company’s share capital, as well as the expansion and conversion of the current coastal storage facility into a FSRU.

 
 
 
 
 
 
 
 
 

Petredec to divest Petredec (Mauritius) to STC

Petredec Onshore Pte. Ltd. has signed an agreement to divest 100% of the shares in Petredec (Mauritius) Ltd (PML) to the State Trading Corp. (STC) of Mauritius, subject to customary completion steps.