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Newsletter Tank terminals – GMAP Maritime & Offshore September 2019

6 September 2019

Oil still rules the world, but at some point this will change. While the oil business is still booming, benefiting companies should figure out their long-term strategy and invest in their oil-independency. One link in the chain which will be heavily impacted by the lurking change, but also has attractive alternatives at its choice, are tank terminals. Energy companies use complex networks of onshore terminals, storage tanks, blending facilities and pipelines. These bulk logistical facilities take crude oil from ships, storing and delivering it to the refinery at the right time. Similarly, they store and blend refined product to create the exact specifications required in certain markets before transporting it on to the end customer.

Global growth in energy demand and a change in product mix in coming years should create new opportunities for storage services. Additionally, storage activity depends on numerous factors such as global energy growth, energy mix evolution, production and consumption adequacy and locations, which all combined result in a more and more complex matrix to which storage players have to adapt. We look at four major themes which are expected to drive the demand for tank terminals in the coming years.

  • The energy transition will structurally change the oil and gas industry, including the role of infrastructure and storage
  • The International Maritime Organization’s global sulphur cap as of 2020 (IMO 2020) will affect the global oil and bunker markets
  • China’s ambitious plan for a new silk road, One Belt One Road (OBOR), will have a significant effect on shipping and trade flows and the accompanying infrastructure
  • And finally, Africa’s demand for energy is predicted to rise, but it has a structural infrastructural deficit

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