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Tank Storage Asia closes on a high

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LNG Industry,

Tank Storage Asia came to a close last week after two intense days of business meetings and networking.

Over 1700 attendees from 35 countries (of which 80% were from Singapore) passed through the doors of the Marina Bay Sands. Visitors included CEOs, directors, terminal managers, investors, senior engineers, business development managers and procurement managers from the likes of Shell, Vopak, Odfjell Terminals Asia, Linc Terminal, Exxon Mobil, Jurong Port Tank Terminal, Stolthaven Singapore, and Gulf Petrochem to name just a few.

The exhibition provided excellent networking opportunities for visitors allowing them to discuss some of the most pertinent issues affecting the industry and gain insight into the new technology and innovations that are currently taking place in the industry.

The conference saw record numbers of attending delegates, and was led by an interesting line up of industry experts demonstrating both technical and commercial expertise in the oil and gas storage sector. Olivier Lejeune, Oil Storage Market Analyst at International Energy Agency, who lead the keynote session highlighted the positive outlook for the market; “the demand is growing rapidly in Asia and I see that storage plays a very important role to cope with the growing demand. The global demand rose by 2.3 million bpd year on year in the second quarter of 2017. This is the highest growth in demand registered since 2015.”

Conference attendee, Radha Krishnan Arul Prasad, Tankage Planner at ExxonMobil Asia Pacific said, “This year, I have seen an impressive and well organised conference with relevant and current issues up for discussion. Tank Storage Asia offers a good avenue for key players in the industry to explore and exchange ideas.”

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