Supplier of fuel for the economy
With reference to a meeting of Security of Supply Working Party organized by the European Commission,for the 2007 Berlin Forum, 16 March 2007, the Tank Storage Sector played and will play an important role in the supply of energy towards the existing markets and market needs.
The EU's strategic oil stocks mechanism, effectively co-ordinated with stocks of other OECD countries through the IEA, has worked well and should be maintained. Security Stocks constitute the first defence line in case of a supply disruption. Here a lot of contribution is given towards the issue of Compulsory Stocks, even today a hot issue in the Energy Efficiency Management policy of the EU institutes.
However, to meet the changed challenges of the energy world and to give a more stringent framework to the Member States, EU legislation should be reviewed and, where necessary, adapted without loosing a level playing field and international workable standards.
Biofuels are a topic of special concern and will have a great impact, but solutions and regulations should be left to member states.
In some other cases, probably separate – strategic stocks systems could be introduced or maintained. Consequently, a strict separation has to be maintained between commercial and emergency stocks.
In this global supply chain, the tank storage companies play an important role in the guarantee of feedstocks for various purposes towards the different markets. Receipt and delivery of liquid products in larger volumes takes place by means of sea transport, inland barge, road, rail and cross country pipeline. Tank storage thus provides an essential interface between these various modes of transport and is at the same time a crucial partner in the irregular flows of supply and demand.
The Tank Storage Sector is a vital link in the economical and logistic chain, providing guarantees and values of sustainability in this Energy Supply by :
- the high investment costs for improving operations and environmental developments,
- the professional approach to HSSE standards and requirements,
- the continuous improvement and adjustment of human skills,
- the technical research and development of installations and instruments,
- the support and commitment towards environmental friendly solutions and transition methods