Related Articles
Forward article link
Share PDF with colleagues

Singapore oil-storage demand drives area plans

The strength of the Singapore oil-supply hub has led to the firming-up of refinery and terminal plans close by in southern Malaysia

Singapore's oil traders and storage terminal operators did not exactly shrug-off the world’s economic difficulties, but they felt less pain than most. Flows through the Singapore hub have continued to grow, although traders say margins have been trimmed, while storage fees have increased. But Singapore’s strength has given confidence to the backers of plans for competing oil installations in Johor, the southernmost state of Malaysia, separated from Singapore only by the narrow Johor Strait. In May, state-owned Petronas firmed-up its plan to build a world-scale refinery and petrochemicals complex in southern Johor, with a start-up target of end-2016. The refinery will have a capacity of 300

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG