Letter from Spain: Hydrocarbons are the present and future of tank storage
Scepticism towards the energy transition reigns in the tank storage industry
Cartagena is the fourth-largest port in Spain by weight of goods handled, with around 36mt/yr in 2022. But it specialises in liquid bulk, with more of the stuff moving through the port than anywhere else in Spain. Three-quarters of the cargo handled at the port is liquid bulk. Hence the port serving as the backdrop for the Petrochemicals Global Logistics Convention, where operators and contractors in tank storage meet to do business and discuss the state of the industry. The conclusion this year is that times are good but uncertain. The geopolitical environment has changed significantly over the last two years since the Russian invasion of Ukraine, which has led to more goods being moved by
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift