Gulf Coast Crude Export Terminal Capex Tops $13 Billion, an Industrial Info Market Brief

At a record high of 12.4 million barrels per day (BBL/d), crude production from the Permian Basin has created a pipeline bottleneck. There simply isn't enough capacity in the current pipelines to carry all of the crude. About $25 billion worth of long-haul pipelines, which are currently under development, are aimed at alleviating this constraint. After the crude oil reaches the Gulf Coast, it must get to the world market. New export terminals, capable of serving very large crude carriers (VLCCs), are the primary focus of the midstream industry. This infrastructure buildout will accommodate the growing Permian production rates. New Gulf Coast crude export capacity is expected to reach 4 million BBL/d by fourth-quarter 2022. Click here to see the list of crude terminal projects being tracked by Industrial Info in Texas, Louisiana and Mississippi.