Integrated midstream and downstream energy company Puma Energy has signed a purchase agreement with BP to buy a storage fuel terminal located in Belfast, Northern Ireland.
With this acquisition, Puma Energy will now own 100 bulk storage terminals globally, touching 7.9 million cubic metres of storage capacity.
The acquisition builds on the purchase of the 1.4 million cubic metres capacity of Milford Haven Terminal in 2015, further advancing the company’s growth in the European market.
This purchase will also allow Puma Energy to supply high-quality fuels to Northern Ireland.
The Belfast Terminal stores gasoline, distillates and aviation fuels. The terminal also provides road gantry loading facilities and a Jetty Berth equipped to handle MR class vessels.
It consists of 20 bulk fuel storage tanks with a working capacity of approximately 143,000m³.
The terminal is located between George Best Belfast City Airport and Belfast Harbour in Northern Ireland.
This 53 acre site opened as a refinery in 1964, which was converted to a terminal in 1982.
Puma Energy CEO Pierre Eladari said: “This deal marks an additional milestone in the growth of our business, further supporting Puma Energy's position as one of the largest independent, integrated midstream and downstream companies operating today.”
The firm has vast experience in the construction, maintenance and operation of terminals and offshore mooring systems.
Set up in 1997, it operates in 47 countries with 7,844 employees.
Image: Puma Energy storage terminal. Photo: Courtesy of Puma Energy / PR Newswire