Tanks and Terminals news updates

BASF and AltaGas have signed a long-term commercial agreement for the supply of butane via AltaGas and Royal Vopak's Ridley Island Energy Export Facility (REEF) commencing in 2027.

The average historical volatility of the daily Henry Hub front-month futures price trended downward through 1H25, with quarterly volatility falling from a recent high of 81% in the 4Q24 to 69% by mid-2025.

Costain has been chosen by EnergyPathways PLC (EPP) to study onshore location sites for EPP’s integrated energy storage and decarbonisation project in the North West of the UK.

ABB has been awarded a large order by bp, as the operator of the Sangachal terminal in Azerbaijan, to support the electrification and power grid stability of one of the world’s largest oil and gas terminals.

MT Group has been awarded a major contract for the execution of all topside and onshore-based infrastructure at the new jetty in Brunsbüttel FSRU LNG terminal in Germany.

Argent LNG has selected GIS Engineering as its ‘below-the-bolts’ engineering partner to spearhead FEED, site preparation, and regulatory development for the company’s flagship project at Port Fourchon.

Argent LNG has initiated a comprehensive EPC partner review in preparation for entering the Federal Energy Regulatory Commission pre-filing and permitting process for its 25 million tpy LNG export project in Louisiana.

Natural gas consumption in Italy saw an increase in the 1H25, and Adriatic LNG’s contribution to the national energy system continued to grow as well.

AB KN Energies is preparing to provide a biomethane virtual liquefaction service at the Klaipeda LNG terminal, Lithuania.

LNG Alliance Pte Ltd has selected Chart’s IPSMR® process technology and modular liquefaction solution for its Amigo LNG export facility, Mexico.

Global Energy Storage Group (GES) has completed the sale of its Rotterdam terminal, held through GES Netherlands B.V., to Tepsa.

IHI Corp. and Royal Vopak are set to sign a joint development agreement for the proposed establishment of a joint venture for the development and operation of an ammonia terminal in Japan.

Woodside has signed a non-binding MOU with Hyundai Engineering and Hyundai Glovis, to establish a strategic framework to collaborate on LNG project development, engineering services, and shipping logistics.

Venture Global have announced the execution of a new 20 year sales and purchase agreement (SPA) with PETRONAS LNG Ltd.

The Port of Gothenburg has signed new agreements with one of its largest customers in the energy sector, Inter Terminals Sweden.

MET Group has acquired 100% of KGE, a natural gas storage operator based in Gronau, North Rhine-Westphalia, Germany.

LBC Tank Terminals has announced that Mitsui O.S.K. Lines, Ltd (MOL) has officially become the 100% shareholder of LBC, following the completion of the acquisition on 30 June 2025.

Deutsche Energy Terminal GmbH (DET) has marketed its regasification capacities at the Wilhelmshaven 1 terminal for 2026 and at the Wilhelmshaven 2 terminal for both 2025 and 2026, in Germany.

Pampa Energía has submitted its application to build an oil and gas treatment plant at its Rincón de Aranda field, Argentina, with an investment of US$426 million.

EnerMech has been awarded a 3 year fixed term contract which covers the provision of offshore shutdown support services for the Triton FPSO vessel, located in the North Sea.

Fluor Corp. has announced that LNG Canada has shipped the first LNG export cargo from its newly-constructed facility located in the traditional territory of the Haisla Nation in Kitimat, British Columbia, Canada.

Coastal Bend LNG announced it has initiated development of a 22.5 million tpy natural gas liquefaction and export facility on the Texas Gulf Coast, US.

Under the Heads of Agreement (HOA), PTT will supply LNG to Centrica for a 10 year period across a range of destinations in Asia, with deliveries expected to begin in 2028.

Energy Transfer has expanded an LNG supply agreement with Chevron by 1 million tpy from Lake Charles LNG, US.