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Released January 16, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--In late 2015, the United States lifted its 40-year ban on crude oil exports, and oil producers, terminals operators and pipeline companies have taken to export projects with gusto. In late November, the U.S. exported more crude than it imported for the first time since at least 1973, when the U.S. Energy Information Administration began keeping records on imports and exports. Industrial Info is tracking billions of dollars in active crude oil export projects in the U.S., including terminals and related pipelines.
Among some of the highest-value projects geared toward crude exports are export terminals, and multibillion-dollar terminal projects are springing up along the U.S. Gulf Coast. At present, only one U.S. terminal, the Louisiana Offshore Oil Port (LOOP) in Louisiana, is capable of loading Very Large Crude Carriers (VLCCs), which have a capacity of up to 2 million barrels. Several projects are aimed at being VLCC-ready. Among these is Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) planned export terminal, which will be located approximately 80 miles offshore the entry to the Houston Ship Channel. The terminal will be capable of loading crude oil at about 85,000 barrels per hour via 80 miles of 42-inch-diamter pipe. Enterprise is awaiting permit approval for the project, which has an estimated total investment value (TIV) of $1.5 billion and could be completed in 2020. For more information, see Industrial Info's project report.
Trafigura AG (Geneva, Switzerland) is in the late planning stage for an offshore crude export terminal near the Port of Corpus Christi, which is becoming a key location for oil exports. The terminal, located about 30 miles offshore, would be capable of loading VLCCs at a rate of about 85,000 barrels per hour. Construction is expected to begin this summer, with completion set for late 2020. For more information, see Industrial Info's project report.
Onshore at the Port of Corpus Christi, Lone Star Ports LLC (Corpus Christi), a joint venture of the Carlyle Group (NASDAQ:CG) (Washington, D.C.), The Berry Group LLC (Houston) and the Port of Corpus Christi Authority, is planning an export terminal that would be capable of loading VLCCs. The project would involve dredging at least a 75-foot main channel depth, demolishing three existing docks and constructing two new ones. In addition, the facility would have a tank farm with a storage capacity of 4 million barrels. Construction on the $1 billion project could be begin later this year, taking about a year to complete. For more information, see Industrial Info's project report.
Of course, terminals must have a way to receive crude. The onshore port discussed would be fed by in part by EPIC Midstream Holdings LP's (San Antonio, Texas) 600-mile pipeline, which will carry crude from the Permian Basin. Construction on the pipeline began last year. EPIC has said that it plans to begin interim service on the pipeline in the third quarter of this year and will start permanent service in early 2020. The pipeline will transport 600,000 barrels per day (BBL/d) and is expandable up to 900,000 BBL/d. For more information, see Industrial Info's project reports on spreads 1 and 3, Spread 2, and spreads 4 and 5.
Another pipeline to carry crude from the Permian Basin to the Texas Gulf Coast is Phillips 66 Partners' (NYSE:PSXP) (Houston) Gray Oak Pipeline. The 700-mile pipeline will run to destinations in Corpus Christi, Sweeny and Freeport. The project has an estimated TIV of $2 billion. The pipeline will carry 900,000 BBL/d and is expandable to up to 1 million BBL/d. Construction began late last year and is expected to be completed in the fourth quarter of this year. For more information, see Industrial Info's project report.
Connecting to the Gray Oak Pipeline will be Pin Oak Corpus Christi LLC's (Houston) nine directionally drilled pipelines under the Corpus Christi Ship Channel, which will help bring crude to the seaborne market. One of the pipelines will connect to the Gray Oak. Construction is underway and is expected to be completed this quarter. Strike Construction LLC (Spring, Texas) is providing EPC. For more information, see Industrial Info's project report.
Energy Transfer LP (NYSE:ET) (Dallas, Texas) is gearing up to construct a pipeline that will run from the Permian Basin to locations in Nederland, Texas, and the Houston Ship Channel. The 500-mile pipeline will transport 600,000 BBL/d. Construction is set to begin later this year and be completed in the first half of 2020. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Among some of the highest-value projects geared toward crude exports are export terminals, and multibillion-dollar terminal projects are springing up along the U.S. Gulf Coast. At present, only one U.S. terminal, the Louisiana Offshore Oil Port (LOOP) in Louisiana, is capable of loading Very Large Crude Carriers (VLCCs), which have a capacity of up to 2 million barrels. Several projects are aimed at being VLCC-ready. Among these is Enterprise Products Partners LP's (NYSE:EPD) (Houston, Texas) planned export terminal, which will be located approximately 80 miles offshore the entry to the Houston Ship Channel. The terminal will be capable of loading crude oil at about 85,000 barrels per hour via 80 miles of 42-inch-diamter pipe. Enterprise is awaiting permit approval for the project, which has an estimated total investment value (TIV) of $1.5 billion and could be completed in 2020. For more information, see Industrial Info's project report.
Trafigura AG (Geneva, Switzerland) is in the late planning stage for an offshore crude export terminal near the Port of Corpus Christi, which is becoming a key location for oil exports. The terminal, located about 30 miles offshore, would be capable of loading VLCCs at a rate of about 85,000 barrels per hour. Construction is expected to begin this summer, with completion set for late 2020. For more information, see Industrial Info's project report.
Onshore at the Port of Corpus Christi, Lone Star Ports LLC (Corpus Christi), a joint venture of the Carlyle Group (NASDAQ:CG) (Washington, D.C.), The Berry Group LLC (Houston) and the Port of Corpus Christi Authority, is planning an export terminal that would be capable of loading VLCCs. The project would involve dredging at least a 75-foot main channel depth, demolishing three existing docks and constructing two new ones. In addition, the facility would have a tank farm with a storage capacity of 4 million barrels. Construction on the $1 billion project could be begin later this year, taking about a year to complete. For more information, see Industrial Info's project report.
Of course, terminals must have a way to receive crude. The onshore port discussed would be fed by in part by EPIC Midstream Holdings LP's (San Antonio, Texas) 600-mile pipeline, which will carry crude from the Permian Basin. Construction on the pipeline began last year. EPIC has said that it plans to begin interim service on the pipeline in the third quarter of this year and will start permanent service in early 2020. The pipeline will transport 600,000 barrels per day (BBL/d) and is expandable up to 900,000 BBL/d. For more information, see Industrial Info's project reports on spreads 1 and 3, Spread 2, and spreads 4 and 5.
Another pipeline to carry crude from the Permian Basin to the Texas Gulf Coast is Phillips 66 Partners' (NYSE:PSXP) (Houston) Gray Oak Pipeline. The 700-mile pipeline will run to destinations in Corpus Christi, Sweeny and Freeport. The project has an estimated TIV of $2 billion. The pipeline will carry 900,000 BBL/d and is expandable to up to 1 million BBL/d. Construction began late last year and is expected to be completed in the fourth quarter of this year. For more information, see Industrial Info's project report.
Connecting to the Gray Oak Pipeline will be Pin Oak Corpus Christi LLC's (Houston) nine directionally drilled pipelines under the Corpus Christi Ship Channel, which will help bring crude to the seaborne market. One of the pipelines will connect to the Gray Oak. Construction is underway and is expected to be completed this quarter. Strike Construction LLC (Spring, Texas) is providing EPC. For more information, see Industrial Info's project report.
Energy Transfer LP (NYSE:ET) (Dallas, Texas) is gearing up to construct a pipeline that will run from the Permian Basin to locations in Nederland, Texas, and the Houston Ship Channel. The 500-mile pipeline will transport 600,000 BBL/d. Construction is set to begin later this year and be completed in the first half of 2020. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
