Global Capacity and Capital Expenditure Outlook for Liquids Storage - China Leads with Highest Planned and Announced Global Storage Capacity

LONDON, Oct. 1, 2018 /PRNewswire/ -- Global Capacity and Capital Expenditure Outlook for Liquids Storage - China Leads with Highest Planned and Announced Global Storage Capacity

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Summary
Globally 149 new-build (announced and planned) liquids storage terminals are expected to commence operations during 2018?2022. Asia leads with 47 new-build terminals, followed by North America and Africa, respectively.In Asia, China has the most planned liquids storage capacity additions and capital expenditure (capex) spending by 2022. The country is expected to add a storage capacity of 159 mmbbl, and spend US$8 billion as capex by 2022.

Among companies, China Petrochemical Corp has the most oil storage capacity globally with 67.1 mmbbl, followed by Brightoil Petroleum (Holdings) Limited and Oil Industry Development Board, respectively. In terms of capex also, China Petrochemical Corp leads globally among the companies. The company is expected to spend US$2.6 billion, followed by State Company for Oil Projects and Brightoil Petroleum (Holdings) Ltd.

It can be noted that, Global liquids storage industry capacity is expected to grow by 6.1% over the next four years. Among regions, Asia, the Middle East and North America are expected to be the largest contributors to the global capacity growth by 2022.

Scope
- Historic liquids storage capacity data by major regions globally from 2012 to 2017, forecasts up to 2022
- Annual breakdown of capital expenditure on proposed liquids storage projects for the period 2018 to 2022
- Planned liquids storage capacity additions and capital expenditure by key countries and companies globally
- Region wise planned capacity additions and capital expenditure of new liquids storage projects by key countries and companies
- Details of major planned liquids storage projects globally up to 2022.

Reasons to buy
- Obtain the most up to date information available on liquids storage projects globally
- Identify growth segments and opportunities in the global liquids storage industry
- Facilitate decision making on the basis of strong historic and forecast of liquids storage projects data
- Develop business strategies with the help of specific insights into planned liquids storage projects globally
- Keep abreast of key planned global liquids storage projects
- Assess your competitor's planned liquids storage projects and capacities.

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