Tank terminal update

TANK TERMINAL UPDATE: ASIA

Duqm, Oman

OMAN TANK TERMINAL COMPANY

Products: Crude oil pipeline

Construction/Expansion/Acquisition:

Oman’s Ministry of Energy and Minerals signed an agreement with Oman Tank Terminal Company (OTTCO) for the development of a new pipeline which will export Oman blend crude oil at the Ras Markaz crude oil terminal in the port town of Duqm, Oman.

Comment:

The first phase of the terminal is currently under construction, with the expectation of its trial operation to be conducted in winter of 2022.

GPS GROUP

Products: LPG Storage terminal Capacity: 1.2 million tpa

Construction/Expansion/Acquisition:

GPS Group has announced the successful completion of its LPG storage terminal in Port Klang, Malaysia. The new infrastructure will enable costadvantaged shipments of fully laden very large gas carriers (VLGC) into Malaysia and the region.

Comment:

The 135,000 m3 terminal commenced commercial operation in May 2022.

SHANGAHI AND LOCAL DEPARTMENTS

Products: Hydrogen pipeline Cost: 100 billion yuan (€14.6 billion)

Construction/Expansion/Acquisition:

Shanghai and its local departments have announced extensive plans to build a regional hydrogen pipeline network and a national trading platform.

Comment:

Lin Boqiang says: ‘Hydrogen plays an important part in China’s promotion of new energy development to peak carbon emissions by 2030 and reach carbon neutrality by 2060.’

Port Klang, Malaysia Shanghai, China

Jiangsu, China

CHINA NATIONAL OFFSHORE OIL COMPANY

Products: LNG storage tanks Capacity: 270,000 cbm

Construction/Expansion/Acquisition:

China National Offshore Oil Company (CNOOC) has finished raising the roofs of three out of its six LNG storage tanks, at the Binhai LNG import terminal in Jiangsu.

Comment:

The three tanks will each have a capacity of 270,000 m3 and add to the already four existing tanks, that have a capacity of 220,000 m3 in Yancheng Binhai Port Industrial Park.

Mankoli-Bhiwandi, India

V-LOGIS

Products: Chemical storage Capacity: 218,350 sq ft

Construction/Expansion/Acquisition:

V-Logis, a part of V-Trans India, comprehensive warehousing, 3 PL solutions, and end-to-end integrated logistics provider has announced Chemstore.

Comment:

It will include the latest technology. Chemstore is a specialised chemical storage solution that complies with international safety standards.

South Korea

HYUNDAI SAMHO

Products: LNG-powdered carriers Cost: $240 million

Construction/Expansion/Acquisition:

South Korean shipbuilder Hyundai Samho has secured an order to build two new LNG-powered pure car and truck carriers.

Comment:

Ray Car Carriers had ordered these two LNG-powered PCTCs with a capacity of 7,500 units and scheduled for delivery in 2025.

Japan

JERA

Products: Carbon capture and storage facility

Construction/Expansion/Acquisition:

ConocoPhillips will provide natural gas and manage a carbon capture and storage facility for a proposed US hydrogen gas project to be jointly developed with Japan’s largest utility JERA.

Comment:

‘JERA and ConocoPhillips will be a low-cost ammonia supplier to domestic and international markets,’ said JERA Americas Chief Executive Steven Winn.

Maylasia

PETRONAS/GENTARI

Products: Clean energy solution provider

Construction/Expansion/Acquisition:

Petronas has launched a clean energy solutions provider Gentari. They will begin by boasting a portfolio of renewable energy, hydrogen and green mobility solutions for commercial, industrial and retail customers.

Comment:

Gentari will be supported by Petronas to establish greener opportunities and a greener future for Malaysia.

South Korea

SK GAS

Products: LPG, LNG and Hydrogen

Construction/Expansion/Acquisition:

SK Gas is expanding its current LNG and hydrogen business in plans to become eco-friendly and carbon neutral within the industry.

Comment:

Plans will begin from 2024.

Philippines

PHILIPPINES, DOE

Products: LNG import terminals

Construction/Expansion/Acquisition:

Three government-approved LNG import terminals are expected to commence commercial operations in the Philippines in the beginning of 2023.

Comment:

The three terminals are the start of six projects approved by the DOE marking the beginning of the country’s liquified gas industry. They are to include a project proposed by Shell. tigron.auma.com