US leads globally in liquids storage capacity

GlobalData’s latest analysis of the global liquids storage market shows that the US has the highest installed liquids storage capacity globally with 2,174 million barrels (mmbbl). Indonesia and China follow with 2,015mmbbl and 776mmbbl respectively.

Presently, the US accounts for 26% of the total global liquids storage capacity. The country has 1,679 active liquids storage terminals. The country is expected to add a capacity of 45mmbbl from 21 planned and announced storage terminals during 2018 to 2021.

Indonesia has 24% share in the global liquids storage capacity in 2018. The country has 177 active liquids storage terminals. The country will add a capacity of 54mmbbl from four planned and announced terminals during the period 2018 to 2021.

China contributes about 9% of the total global liquids storage capacity in 2018. The country has 125 active liquids storage terminals. A total of 11 planned and announced terminals in China are expected to add a capacity of 74mmbbl during 2018 to 2021.

Global Liquids Storage Capacity

 

The fourth major contributor to the global liquids storage is Japan with 354mmbbl, contributing about 4% of the global total in 2018. The country has 72 active liquid storage terminals, with no planned and announced projects expected to start operations during 2018 to 2021.

South Korea is the fifth largest contributor to the global liquids storage capacity with 231mmbbl in 2018, contributing about 3% of the global total. The country has 36 active liquid storage terminals. The country will add a capacity of 12mmbbl from two planned and announced terminals during 2018 to 2021.

The Netherlands accounts for 2% of the global liquids storage with 197mmbbl in 2018. The country has 39 active liquid storage terminals. Presently there is one announced terminal in the Netherlands with capacity of 3mmbbl, which is expected to start operations in 2020.

India, UAE, UK and Spain account for 7% of the global liquids storage capacity with 568mmbbl in 2018. India and the UAE are expected to collectively add a capacity of 16mmbbl from 11 planned and announced terminals during the period 2018 to 2021.