Global liquids storage capacity is expected to grow by 6.1% during 2018–2022, from 7,222 million barrels (mmbbl) in 2018 to 7,659 mmbbl by 2022. Globally, 31 new storage terminals were announced and three liquids storage projects were stalled since the previous report was published in June 2017. Five terminals were canceled since the previous report.

• Among regions, Asia, the Middle East, and North America lead globally with most planned liquids storage capacity additions of 283 mmbbl, 75 mmbbl, and 69 mmbbl, respectively, by 2022.
  
• Among companies, China Petrochemical Corp has the most oil storage capacity globally with 67.1 mmbbl, followed by Brightoil Petroleum (Holdings) Limited and Oil Industry Development Board with the oil storage capacity of 39.7 mmbbl and 32.2 mmbbl, respectively.
  
• In terms of capex also, China Petrochemical Corp leads globally among the companies. The company is expected to spend US$2.6 billion, followed by State Company for Oil Projects and Brightoil Petroleum (Holdings) Ltd, both with US$2.0 billion each.
  
• Globally among the planned storage terminals, Hainan III in China and Rapid in Malaysia have the highest capex spending of US$1.6 billion during 2018–2022. Bin Umar terminal in Iraq and Dalian IV in China follow with an estimated capex spending of US$1.5 bil each, respectively.