Puma Energy buys Belfast fuel terminal from BP

Puma Energy, the globally integrated midstream and downstream energy company, has signed a purchase agreement with BP to buy its bulk storage fuel terminal in Belfast, Northern Ireland. This latest transaction brings Puma Energy’s global network of bulk storage terminals to 100, culminating in a total storage volume of 7.9 million cubic metres (m3) of storage capacity. This acquisition builds on the purchase of the 1.4 million m3 capacity Milford Haven Terminal in 2015, further supporting Puma Energy’s growth within the European Market.

The Belfast Terminal provides storage for gasoline, distillates and aviation fuels, with road gantry loading facilities and a jetty berth capable of handling MR class vessels. The site comprises 20 bulk fuel storage tanks with a working capacity of about 143,000 m3.

The 53-acre former refinery site is located between George Best Belfast City Airport and Belfast Harbour in Northern Ireland. The refinery was opened in 1964 and converted to a terminal in 1982.

Commenting on the acquisition, Puma Energy’s 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.”

Formed in 1997 in Central America, Puma Energy has since expanded its activities to 47 countries and 7,844 employees, achieving rapid growth, diversification and product line development. Headquartered in Singapore, it has regional hubs in Johannesburg, South Africa, San Juan, Puerto Rico, Brisbane, Australia, and Tallinn, Estonia.

Puma Energy’s core activities in the midstream sector include the supply, storage and transportation of petroleum products via a network of more than 100 bulk storage terminals. Puma Energy’s downstream activities include the distribution, retail sales and wholesale of a wide range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma Energy currently has a global network of more than 2,468 retail service stations and supplies 62 airports.