Source: China Customs – General Administration Regional Outlook for Storage Platts Singapore, June 2017 Ellen Ruhotas, Ratio Group
Source: China Customs – General Administration
Regional Outlook for Storage
Platts Singapore, June 2017 Ellen Ruhotas, Ratio Group
Source: TankTerminals.com
Asian Storage Statistics
21 Countries
> 750 Terminals
>2.6 billion m3
Capacity
China, 64%
Japan, 8%
India, 8%
South Korea, 5%
Singapore, 5%
Other APAC, 10%
The Middle Class Wave
Source: H. Kharas, Emerging Middle Class in Developing Countries, Brookings Institution
Strategic Oil Storage in Asia
• US – Strategic Petroleum Reserve – 116 million tonnes
• IEA – 28 countries – 90 days of reserves
• Asia – China, Japan, South Korea, Taiwan, Thailand
• Plans for Strategic Stock in Asia
China Strategic Oil Stocks
390
400
410
420
430
440
450
460
470
480
490
Source: Ursa Space Systems, Blacklight Research
million barrels
India Strategic Storage
Source: IEA
Underground Caverns Phase I – 5.33 million tonnes • Vizag • Mangalore • Padur • 13 days of India’s requirement • Commissioning 2016
Phase II – 10 million tonnes • Chandikhol • Bikaner • 22 days of reserve • Under discussion
Bulk Liquid Storage in China
• Growth in Strategic Crude Oil Storage to continue
• Infrastructure for Refined Product Exports
• Independent Refiners need additional tankage
• Other product terminals will see decreasing demand
“Hidden” Storage
Source: www.tankertrackers.com
Sungai Lingi, Malaysia 15 vessels, 14.5 Mbbls Peak, 22 vessels, 20.2Mbbls
Asian Independent Terminal Developments
Source: Ratio Group
Country Existing Capacity
Capacity Under Construction
(m3)
Proposed New Terminal
Capacity % Increase
Australia 2.3 million 4,660 0.3 million 11%
Philippines 2.6 million 170,000 Nil 6.5%
Myanmar 30,000 Nil 88,000 293%
Thailand 2.4 million Nil Nil Nil
Indonesia 2.7 million Nil Nil Nil
Vietnam 0.8 million Nil Nil Nil
• Cambodia • Sri Lanka
• Bangladesh
Real GDP Growth – 2016 - 2050
Source: PwC – The World in 2050
1. Vietnam 2. India 3. Bangladesh 4. Pakistan 5. Philippines 6. Indonesia 7. Malaysia
In Summary
• Organic Growth of existing storage terminals
• Greenfield ONLY with Anchor Customer
• Crude Oil Storage will be Strategic
• Refined Product Storage – steady growth
• Petrochemical and Edible Oils – growth areas
• LNG and No Fossil Fuels – not in my lifetime!