logo
logo

Global Partners LP completes acquisition of four liquid energy terminals from Gulf Oil Limited Partnership to expand its market presence in the Northeast

Global Partners LP completes acquisition of four liquid energy terminals from Gulf Oil Limited Partnership to expand its market presence in the Northeast

04/09/24, 8:13 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgwaltham
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgframingham
Industry
renewable energy
oil and gas
energy
oil and gas
Global Partners LP (NYSE: GLP) has successfully acquired four liquid energy terminals from Gulf Oil Limited Partnership. These strategically located terminals in Chelsea, MA, New Haven, CT, Linden, NJ, and Woodbury, NJ, with a combined shell capacity of approximately 3.0 million barrels, will enhance Global’s position in the energy economy of the Northeast. This acquisition aligns with Global’s strategy to leverage scale from its integrated network in high-demand markets, further delivering on their commitment to strategic growth.

Company Info

Company
Global Partners
Location
Waltham, Massachusetts, United States
Company info
The East Providence terminal is a strategic storage facility for various energy products, boasting 10 product tanks with a 959,730-barrel shell capacity. It includes a six-bay truck rack servicing the Rhode Island, Northern Connecticut, and Southern Massachusetts markets, as well as a large dock with capabilities to accommodate long-range vessels.