Midstream energy storage concept

What is a midstream business?

Generally speaking, “midstream” connects upstream with downstream. Midstream operations and processes generally include transportation by pipeline, tanker, barge, rail and trucks; storage; and trading of crude oil and refined products . Trading of refined products is often considered to be a downstream business.

Why is the midstream sector important?

In the intricate and vast universe of the energy industry, the midstream sector often remains in the shadows of its more visible counterparts, the upstream and downstream. The importance of this sector lies in ensuring that energy resources are transported efficiently and safely, from extraction sites to markets and refineries. Author: Ing.

What are midstream operations?

Terminal and export management: Midstream operations also include the management of marine and land terminals for the export and import of oil, gas and derived products. These facilities are critical points for international energy trade and require efficient management to ensure the constant flow of resources.

What is the difference between midstream and refinery tank farms?

Mid-stream ends at the point where a hydrocarbon stream enters refinery storage tanks (i.e., the tank farm). Hence, storage tank management at a transshipment point is part of midstream, but refinery tank farms are a part of downstream operations, including crude oil blending.

Is salt dome storage a midstream operation?

Salt dome storage of natural gas or crude oil, including in strategic reserves, can also be considered as a midstream operation. Mid-stream ends at the point where a hydrocarbon stream enters refinery storage tanks (i.e., the tank farm).

What is the role of the midstream in oil & gas production?

The midstream is the backbone that connects oil and gas extraction (upstream) with its refining and distribution (downstream). Its critical functions include the transportation, storage, and initial processing of these vital resources.