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Researched by Industrial Info Resources (Sugar Land, Texas)--The market for Oil & Gas Terminals is poised for solid growth through 2027, according to a recent report from Research and Markets, due to the rapid acceptance of liquefied natural gas (LNG) and cleaner alternative fuels, and the generally decreasing cost of crude oil. Industrial Info is tracking more than $5 billion in active Terminals Industry projects that are set to begin construction in the second quarter, nearly 90% of which is attributed to projects in the U.S. Southwest.
Click on the image at right for a graph detailing U.S. Terminals Industry projects set to begin construction in the second quarter, by industry sector.
The Texas Gulf Coast leads all other geographic areas in the number and breadth of its terminal projects, most of them catering to exports. Odfjell Group (Bergen, Norway) is proposing an estimated, $300 million terminal in Seabrook to export ethylene and natural gas liquids (NGLs), with the capacity to hold 2.4 million barrels. For more information, see Industrial Info's project report.
A series of crude-oil terminal kickoffs also are set for the Texas Gulf Coast this quarter, including:
Not surprisingly, the city that calls itself the "pipeline crossroads of the world" is slated to host a similar project: Getka Energy LLC's (Tulsa, Oklahoma) $100 million Tortuga Crude Oil Terminal in Cushing, Oklahoma. Getka, a subsidiary of EnCap Flatrock Midstream (San Antonio, Texas), purchased the four-tank property last year and plans to add five to 10 more tanks to boost throughput and delivery to a Cushing terminal owned by Enterprise Products Partners LP (NYSE:EPD) (Houston), as well as other destinations. For more information, see Industrial Info's project report.
Although the Southwest predictably dominates terminal projects, at least one major undertaking is set to kick off in the Mid-Atlantic region: Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) $250 million LNG peak shaver in Fairmont, North Carolina. The facility would store up to 1 billion cubic feet of surplus liquefied natural gas (LNG) to be used during periods with peak demand. Peak shaving facilities have become particularly important in meeting LNG demand for small-scale applications, such as power generation for individual industrial facilities. 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/.
Click on the image at right for a graph detailing U.S. Terminals Industry projects set to begin construction in the second quarter, by industry sector.The Texas Gulf Coast leads all other geographic areas in the number and breadth of its terminal projects, most of them catering to exports. Odfjell Group (Bergen, Norway) is proposing an estimated, $300 million terminal in Seabrook to export ethylene and natural gas liquids (NGLs), with the capacity to hold 2.4 million barrels. For more information, see Industrial Info's project report.
A series of crude-oil terminal kickoffs also are set for the Texas Gulf Coast this quarter, including:
- Buckeye Partners LP's (NYSE:BPL) (Houston) $400 million terminal in Ingleside, which will include a pair of deepwater docks capable of berthing very large crude carrier (VLCC) petroleum tankers; see project report
- Valero Energy Corporation's (NYSE:VLO) (San Antonio, Texas) $50 million terminal expansion in Port Arthur, which will expand the docks and add berths for the export of liquefied petroleum gas (LPG) and refined products; see project report
- Vitol Group (Geneva, Switzerland) and Hilcorp Energy Company's (Houston) $50 million terminal in Corpus Christi; see project report
- Fairway Energy Partners LLC's (Houston) $50 million storage cavern additions at a terminal in Houston, which would add 2.6 million barrels of storage capacity, bringing the facility to 10.1 million barrels; see project report
Not surprisingly, the city that calls itself the "pipeline crossroads of the world" is slated to host a similar project: Getka Energy LLC's (Tulsa, Oklahoma) $100 million Tortuga Crude Oil Terminal in Cushing, Oklahoma. Getka, a subsidiary of EnCap Flatrock Midstream (San Antonio, Texas), purchased the four-tank property last year and plans to add five to 10 more tanks to boost throughput and delivery to a Cushing terminal owned by Enterprise Products Partners LP (NYSE:EPD) (Houston), as well as other destinations. For more information, see Industrial Info's project report.
Although the Southwest predictably dominates terminal projects, at least one major undertaking is set to kick off in the Mid-Atlantic region: Duke Energy Corporation's (NYSE:DUK) (Charlotte, North Carolina) $250 million LNG peak shaver in Fairmont, North Carolina. The facility would store up to 1 billion cubic feet of surplus liquefied natural gas (LNG) to be used during periods with peak demand. Peak shaving facilities have become particularly important in meeting LNG demand for small-scale applications, such as power generation for individual industrial facilities. 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/.
