Storage tanks

Prices for natural gas in Europe and Asia have diverged from those in the US since the 28 February closure of the Strait of Hormuz, the US EIA has reported.

Phillips 66 Limited has announced that it has completed the acquisition of the assets and associated infrastructure of Prax Lindsey Oil Refinery Ltd, UK.

Following the latest auctions for the allocation of gas storage capacity for next winter, Snam announces that storage capacity allocated allowed to achieve the target of filling Italian gas storage facilities to at least 90%.

The Crisafulli Government, Australia, is strengthening Queensland’s fuel security with a AUS$25 million investment, and streamlined approvals, to develop renewable diesel at Ampol’s Lytton refinery.

In this report, the EIA examines strategic global oil inventory levels as of December 2025, before the coordinated emergency release following the closure of the Strait of Hormuz.

Spire Inc. and I Squared Capital have announced that they have entered into an agreement in which I Squared will acquire Spire's natural gas storage assets in Wyoming and Oklahoma (Spire Storage).

In its latest 'Short-Term Energy Outlook', the US Energy Information Administration (EIA) forecasts that US LNG exports will continue to increase.

Technip Energies has been awarded two FEED contracts by Société Gabonaise de Raffinage for its refinery in Port-Gentil, Gabon.

GTT has received an order from Beijing Petrochemical Engineering Co., Ltd for the design of a 10 000 m3 onshore LNG tank to be built at the Yangjiawan LNG liquefaction plant in China.

Christiani & Nielsen (Thailand) Public Co. Ltd has executed a construction contract for the LNG tank outer works project with POSCO E&C.

The US Energy Information Administration published its April Short-Term Energy Outlook this week, examining the implications of the closure of the Strait of Hormuz.

Evos Rotterdam has commenced the realisation of a major expansion project for (low-carbon) methanol and ethanol storage, following a signing ceremony held at the Port of Rotterdam.

The 32 Member countries of the IEA have agreed to make 400 million bbl of oil from their emergency reserves available to the market to address disruptions in oil markets stemming from the war in the Middle East.

The US Energy Information Administration (EIA) has published its latest Short-Term Energy Outlook (STEO).

Jaison Davis, Economic Research Analyst at GlobalData, provides commentary on GCC exports, with global energy markets in flux.