Riyadh, Saudi Arabia – Saudi Aramco announced a halt to cargo loading operations at its Ju’aymah natural gas liquids (NGL) terminal in eastern Saudi Arabia. This followed the collapse of a section of the bridge supporting propane and butane pipelines, according to sources familiar with the notice sent to customers.
Details of the incident
The incident occurred on February 23, and the extent and duration of the outage are still being assessed, while an investigation is underway to determine the cause of the failure. Aramco has not yet issued any official statement regarding the incident.
Expected effects
The suspension of loadings could affect both domestic and international supplies of natural gas liquids. Meanwhile, the market is monitoring developments until the terminal resumes normal operations.
Company context
The Ju’aymah terminal is one of Saudi Aramco’s key gas liquids export terminals. This incident comes at a sensitive time for global oil and energy markets, as many factories and companies rely on a continuous supply from the terminal.
