Friday, January 17, 2020
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Sines closes 2019 with a 4% growth in Net Bulk, leveraged by LNG to register an annual variation above 40%.

The Sines Natural Gas Terminal achieved an excellent performance in 2019, registering a growth of 44.5%, compared to the same period last year, surpassing 4 million tons, which allowed it to reinforce its position as the main gateway for LNG in the country, being responsible for about 90% of national consumption.

However, the growing decarbonization of the economy had an impact on the handling rates of the Port of Sines, reflected in two of the main cargo segments - Liquid Bulk, with the crude oil registering a decrease of 16%, due to the reduction in the reception of raw material by the Sines Refinery; in Dry Bulks, the reduction in the use of coal for energy production, favoring cleaner energies led to a 39% decrease.

Due to the realignment of some scheduled services and the renegotiation of working conditions, Terminal XXI recorded a decrease of 18.7%, having nevertheless surpassed the 1.4 million TEU barrier, preserving its position as the main service terminal. country containers. The year 2020 is expected to be a year of clear recovery, taking into account the expansion that will be carried out by the concessionaire - PSA Sines, which will double the terminal's installed capacity to 4.1 million TEU.

For 2020, the forecasts point to maintaining the trend in the breakdown of energy products, which will be offset by a strong increase, not only in containerized cargo, but also and in line with what has been mentioned, in LNG - Natural Gas Liquefied