Top Industry Leaders in the Oil and Gas Storage Market
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
November 2023
At its Qingdao LNG import terminal in Shandong province, China's state-owned energy behemoth Sinopec has installed what it claims to be the largest LNG storage tank in the world. Sinopec claims that the 270,000 cbm storage tank is the first in the world and in China to be put into service.
At its Binhai LNG import terminal in Jiangsu, the state-owned China National Offshore Oil Company (CNOOC) hydro tested one of the six 270,000-cbm LNG storage tanks in October. In addition, CNOOC is constructing five 270,000-cbm tanks for its Guangdong LNG import terminal in Zhuhai.
October 2023
At Chiren, Bulgaria's only subterranean gas storage facility, Bulgartransgaz has teamed up with local, Italian, and American partners on a pilot project for the production and use of green hydrogen.
Bulgartransgaz, the gas transmission and storage system operator in Bulgaria, started a green hydrogen pilot project after putting out a call for a non-binding market demand assessment survey for hydrogen.
It inked memorandums of understanding with the American industrial conglomerate Honeywell, the Bulgarian construction company Glavbolgarstroy Holding, the Italian gas technology company Pietro Fiorentini, with its headquarters located in Arcugnano close to Vicenza, and the gas turbine manufacturer Solar Turbines.
Bulgartransgaz announced that it will collaborate with its new partners to produce and utilise green hydrogen for the technological requirements of Chiren, the nation's sole subterranean gas storage facility. It is situated in the northwest of the nation. As per the agreement, a study will be conducted to examine potential technological solutions, mixing ratios, and other relevant factors.
Top listed global companies in the industry are:
- Royal Vopak N.V.
- TechnipFMC Plc
- Magellan Midstream Partners
- P.
- John Wood Group Plc
- The Vitol Group
- WorleyParsons Limited
- Brookfield Infrastructure Partners
- Centrica Plc
- Buckeye Partners
- Oiltanking, and others.