Port of Gothenburg increases crude oil storage

The Swedish Port is increasing its storage for crude oil with the addition of a 600,000-cubic-meter cavern.    The Port of Gothenburg, situated on Sweden’s west coast, is increasing its storage for crude oil with the addition of a 600,000-cubic-meter cavern, the port said.
   The first vessel carrying crude oil for the new cavern is expected to arrive a year from now.
   The port already had one, 800,000-cubic-meter cavern, which opened in 2009.
   Scandinavian Tank Storage, an independent storage company for petroleum-based products, will operate both caverns.
   Both caverns are located at Tor Harbor. The harbor is the deepest point at the port at 20.5 meters and handles the loading and discharging of crude oil. In addition to Tor Harbor, Gothenburg Energy Port features Skarvik Harbor and Rya Harbor, where refined oil products, renewable energy products, chemicals and a small amounts of crude oil are loaded and discharged.
   “Our strategic location between the Baltic Sea and the North Sea is generating a demand for storage of crude oil,” Gothenburg Energy Port Vice President and Head of Commercial Operations Jill Söderwall said in a statement. “We can receive tankers that are unable to enter the Baltic, which makes us an ideal transshipment hub for crude oil. Following interim storage, the oil can be shipped out from here onto the world market.”