Texas No. 1 in First-Quarter 2016 Oil & Gas Terminal Kickoffs

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Researched by Industrial Info Resources (Sugar Land, Texas)--With $795 million in projects set to begin construction, Texas is tops in the U.S. when it comes to planned first-quarter 2016 kickoffs for oil- and gas-related terminals. In all, Industrial Info is tracking 32 active U.S. terminal projects, worth $2.55 billion, that are set to begin turning dirt in the first quarter.

Louisiana, Oregon and Puerto Rico also have kickoffs planned for big-ticket terminal projects in the first quarter. The projects would start while the domestic oil and gas industry is going through hard times, but funding for many of the facilities was approved long ago.

With a total investment value of $350 million, Cheniere Energy Incorporated's (NYSE:LNG) (Houston, Texas) crude oil and condensate export terminal at Ingleside, Texas is the most expensive project in the Lone Star State. Kickoff has been pushed back from fourth-quarter 2015, with completion expected in first-quarter 2017. The 3 million-barrel terminal would include nine tanks, a five-bay truck rack, and up to two marine docks, with a throughput of 1 million barrels per day.

The U.S. presently allows for the export of condensate oil, but the terminal would be able to export any kind of domestic crude if the U.S. lifts its ban on crude exports, according to news media accounts. However, Cheniere recently reported its net loss widened to $297.8 million in third-quarter 2015, from a loss of $89.6 million in the same period last year. For details on this construction project, see Industrial Info's project report.

In Louisiana, a February kickoff is planned for American Ethane's (Houston, Texas) Shady Grove Ethane Export Terminal in Convent. With an eye on foreign markets, American Ethane reported in September that front-end engineering and design has been completed for the project. With a total estimated value of $500 million, the facility would be able to liquefy 8 million tons per year of ethane from U.S. shale gas, and have a storage capacity of 180,000 cubic meters. The company expects project completion in 2017. For more information, see Industrial Info's project report.

Portland, Oregon, will be home to Pembina Pipeline Corporation's (NYSE:PBA) (Calgary, Canada) planned $500 million propane export terminal, but it has encountered fierce local opposition. To be located in Portland's Rivergate Industrial District, the facility would have an average capacity of 37,500 barrels of liquid propane per day. One train would arrive every second day with propane from Pembina's Redwater Facility in Alberta, according to the company. The liquid propane would be stored in tanks capable of holding 800,000 barrels, before being loaded to an ocean going ship, via a pipeline with an average capacity of 37,500 BBLs per day.

The project ran into controversy amid environmental and safety concerns voiced by Portlanders, and the city's mayor registered his opposition to the terminal earlier this year, according to local news media reports, leading to a "cooling off period" for the plan. Perhaps as a portent for things to come, the Portland City Council passed a resolution earlier this month calling for a halt to all new infrastructure expansions supporting the transport of fossil fuel through the city. For now, completion of the terminal is set for first-quarter 2018. For more information, see Industrial Info's project report.

Puerto Rico will see construction begin early next year on Excelerate Energy LLC's (The Woodlands, Texas) $300 million liquefied natural gas (LNG) regasification terminal, to be located four miles offshore from the municipality of Aguirre. In July, the Federal Energy Regulatory Commission (FERC) authorized the project, which would provide fuel to the Central Aguirre Power Complex to generate 900 megawatts. The terminal will have a regasification capacity of 600 million standard cubic feet of natural gas. Completion is set for first-quarter 2017. For more information, see Industrial Info's project report.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and ten 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.