Singapore: two new terminals
By the end of March, two new independent storage terminals will have opened their pipes and the Singapore business will have two new operators. Some say the rise in capacity is bound to depress the market – but take-up indicates that the demand is there
This month, Hong Kong-based Chemoil expects to bring its new Helios terminal, on Jurong island, into full operation, providing 448,000 cubic metres (cm) of capacity for fuel oil and middle distillates. By the end of March, Singapore-based Hin Leong should have its new Universal terminal, also on Jurong, in full commercial operation with a capacity of 2.3m cm. The two new facilities will increase Singapore's independent storage capacity by 58%, from 4.730m cm to 7.477m cm (excluding chemicals terminals and floating facilities). The rise comes on top of a 12% increase during 2007 and a 46% increase during 2006 – when Horizon Singapore Terminals (HST) became Singapore's fourth operator of indep
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
