Lome Togo

Infrastructure Investment Gap: Sub-Saharan Africa faces a significant infrastructure investment gap, with only 6% of storage facilities classified as "world scale" (capacity >150,000m³). An estimated $1.7 billion investment is required by 2040 to expand primary storage capacity to handle increased import volumes.

Supply Chain Vulnerabilities: The lack of coastal and strategic storage capacity makes the region vulnerable to supply chain disruptions, underscoring the need for robust floating storage solutions.

Flexibility and Efficiency: Floating storage offers flexibility and efficiency, allowing traders to respond swiftly to market fluctuations and logistical challenges.

Regional Collaboration: Collaborative efforts among regional stakeholders can enhance the effectiveness of floating storage solutions, leading to improved energy security and economic progress.

In summary, floating storage plays a crucial role in the gasoil and gasoline trading activities of Sub-Saharan Africa, particularly in West Africa. While it addresses immediate storage challenges, sustained investment in infrastructure and regional collaboration are essential to fully leverage its potential benefits.