US leads globally on oil storage capacity

GlobalData’s latest analysis of the global liquids storage market shows that the US has the highest liquids storage capacity globally with 2,162 million barrels (mmbbl). Indonesia and China follow with 2,014mmbbl and 660mmbbl respectively.

Presently, the US accounts for 26% of the total global liquids storage capacity. The country has 1,675 active liquids storage terminals. The country is expected to add a capacity of 46mmbbl from 21 planned and announced storage terminals during 2018 – 2021.

Indonesia has a 24% share in the global liquids storage capacity in 2018. The country has 176 active liquids storage terminals. The country would add a capacity of 54mmbbl from four planned and announced terminals during the period 2018 – 2021.

China contributes about 8% of the total global liquids storage capacity in 2018. The country has 118 active liquids storage terminals. A total of 10 planned and announced terminals in China are expected to add a capacity of 66mmbbl during 2018 to 2021.

Global liquids storage capacity

Source: GlobalData Midstream Analytics

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. Presently there are no planned and announced projects that would start operations between 2018 and 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 would add a capacity of 12mmbbl from two planned and announced terminals during 2018 – 2021.

The Netherlands accounts for 3% of the global liquids storage with 218mmbbl in 2018. The country has 39 active liquid storage terminals. Presently there are no planned and announced projects that would start operations from 2018 to 2021.

India, the UK, UAE and Spain account for 7% of the global liquids storage capacity with 537mmbbl in 2018. India and UAE are expected to collectively add a capacity of 34mmbbl from 12 planned and announced terminals up to 2021.