Tanks and Terminals news updates

Wood Mackenzie has reported that LNG demand in South and Southeast Asia is to quintuple to 236 million tpy by 2040.

Tank Storage Asia 2019 has revealed that Vopak, Stolthaven Terminals & Sembcorp Solar and Oiltanking Asia Pacific will be among the organisations contributing to its conference programme.

Odfjell Terminals Asia Holding has finalised the sale of its indirect 55% equity interest in Odfjell Terminals (Jiangyin) to Yangzijiang Shipbuilding.

Pieridae has negotiated extensions to the deadlines of its 20-year LNG agreement with Uniper.

A new report from EnergyQuest estimates that Australia exported a total of 75.1 million t of LNG in the 2018 - 2019 fiscal year.

Rotork will supply control network and electric actuators for the Pengerang Deepwater Petroleum Terminal in Malaysia.

Klaw LNG has delivered a new solution for ship-to-ship bunkering of LNG fuel.

Total and Tellurian have finalised the Driftwood equity investment and signed LNG purchase agreements for supply from the proposed Driftwood LNG terminal.

Oiltanking’s Tallinn terminal, located in the port of Muuga, has been sold to Olerex.

Siemens will supply MODEC’s Eni Mexico Area 1 FPSO with three gas turbine power generation packages.

Companies from all over the world will gather at Tank Storage Asia to showcase the latest innovations and developments that will revolutionise business in the industry.

Neste is to sell its fuel retail business of 75 fuel stations and a terminal in the St Petersburg region to Tatneft.

Vopak has teamed up with I-IoT company TWTG to improve the efficiency and safety of its storage terminals worldwide.

WEKA has received IECEx approval for its magnetic level indicators (VLI).

Arctic LNG-2 is a step closer to final investment decision (FID) with the entry of Japanese companies Mitsui and government-linked Japan Oil, Gas and Metals National Corporation (JOGMEC) into the project.

The US EIA reports that there was an increase in petroleum and natural gas consumption in 2018, although coal consumption fell 4.3%.

Gasum has partnered with Eastman Chemical for LNG deliveries from the Manga LNG terminal, Finland.

The International Rotating Equipment Conference 2019 will outline how digitisation is revolutionising the pump, compressor and vacuum technology market.

Marathon will use close to 30% of the Manzanillo terminal’s capacity following its agreement with IEnova.

TWTG has installed I-IoT valve sensors for Vopak in the Port of Rotterdam, aiming to increase employee safety and accelerate digital transformation.

Potential EPC contractors for the German LNG Terminal Brunsbuettel project have been invited to announce their interest in participating.

Following further work at Pluto LNG, Woodside has confirmed that LNG production has now restarted.

Converge has acquired Fairway Energy Partners’ crude oil storage tanks, pipelines, and the footprint of a terminal in Houston, Texas.

Pavilion Energy Pte Ltd has entered into an agreement to purchase the portfolio of LNG assets of Iberdrola.