Crude Oil Export Terminals Spring Up as U.S. Shipments Grow

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Researched by Industrial Info Resources (Sugar Land, Texas)--In its latest Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the U.S. will become a net exporter of crude oil and petroleum products on a monthly basis later this year and on an annual basis beginning in 2020. Industrial Info is tracking $6.5 billion in planned U.S. crude oil export terminal projects. All of these projects are located in the Texas and Louisiana Gulf Coast region.

Among the top crude oil export projects planned to kick off this year is Trafigura AG's (Geneva, Switzerland) facility, which is planned to be built about 30 miles offshore from the Port of Corpus Christi in Texas. The project will be fed by two 30-inch-diameter pipelines and will be capable of loading Very Large Crude Carriers (VLCCs), which have a capacity of 2 million barrels. Construction is expected to begin this summer, with completion planned for late 2020. Lloyd's Engineering Incorporated (Houston, Texas) is providing engineering, procurement and construction (EPC) on the project. For more information, see Industrial Info's project report.

Also at the Port of Corpus Christi, Lone Star Ports LLC (Corpus Christi), which is a joint venture of The Carlyle Group (NASDAQ:CG) (Washington, D.C.), the Port of Corpus Christi and Bay Limited (Corpus Christi), plans this year to begin construction on an onshore terminal on Harbor Island. The project includes demolishing three docks that are no longer in use and constructing two new ones capable of loading VLCCs. The facility will have a tank farm with 4 million barrels of storage and a loading capacity of 1.4 million barrels per day (BBL/d). For more information, see Industrial Info's project report.

In the Freeport, Texas, area, Texas COLT Terminals LLC (Houston), which is a joint venture of Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta), Kinder Morgan Incorporated (NYSE:KMI) (Houston) and Oiltanking North America (Houston), is planning a storage and export terminal. The facility will have 25 tanks with capacities of 600,000 barrels each for a total capacity of 15 million barrels and will be able to load a VLCC in about 24 hours. The offshore facilities will be connected to the tank farm via a 42-inch-diameter pipeline. For more information, see Industrial Info's project report.

In Louisiana, Tallgrass Energy Partners LP (NYSE:TGE) (Leawood, Kansas) plans to kick off construction on its Plaquemines Liquids Terminal this year. The project is a joint venture of Tallgrass, Plaquemines Port & Harbor Terminal District and Drexel Hamilton Infrastructure Partners LP (Philadelphia, Pennsylvania). The facility will have a storage capacity of 20 million barrels. The facility initially will be able to accommodate Post-Panamax vessels, which have a capacity of about 1 million barrels. Tallgrass eventually hopes to add an offshore pipeline extension capable of loading VLCCs. Construction could begin this summer, taking about a year to complete. For more information, see Industrial Info's project report and March 1, 2019, article - Tallgrass Energy Expands Footprint With Nearly $5 Billion in Projects.

Enterprise Products Partners (NYSE:EPD) (Houston) is in the permitting phase for a grassroot, offshore crude export terminal about 80 miles from the entryway to the Houston Ship Channel. Construction could begin this year, with completion in 2020. The facility would be able to load a VLCC in about 24 hours. 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.