Tuesday, October 9, 2018

Plans For Increased VLCC Crude Oil Terminals Off-Shore Texas -- RBN Energy -- October 9, 2018

RBN Energy: part 5 -- more plans for offshore crude oil export terminals along the Gulf coast.

Part 1:
  • ongoing boom in US crude oil exports; rising steadily since the 40-year ban on most exports lifted in December, 2015
  • crude exports averaged:
    • 590,000 bopd in 2016
    • 1.1 million bopd in 2017
    • 1.8 million bopd in 2018
  • VLCC -- by far the most cost-efficient way to move oil to Asia
    • 1,100 feet long
    • width of nearly 200 feet
    • fully loaded, draft of 72 feet
    • today, only LOOP can handle a fully loaded VLCC
  • Freeport, TX: joint plan by Oiltanking, Enbridge, and Kinder Morgan to develop an off-shore terminal -- 30 miles off-shore
Part 2:
  • JupiterMLP's (sic) proposal for an offshore export terminal only six miles off Brownsville
  • a new long-haul pipeline from Permian to Brownsville
Part 3:
  • Trafigura's plan to build a deepwater export terminal 15 miles off Corpus Chrisi
Part 4:
  • Tallgrass Energy's plan to build a combination export and import terminal 1.5 miles off the coastof Venice, LA
  • Tallgrass' related plan to build new pipelines (Seahorse and Pelican) to connect Cushing to St James (LA)
  • Tallgrass: a planned new terminal on the Mississippi in Plaquemines Parish (LA)
  • Tallgrass: proposed offshore terminal near Venice
Part 5:
  • plans for two new terminals capable of handling fully loaded VLCCs
  • EPD: planned offshore terminal about 80 miles off Texas
  • fast enough to fill a 2-million-bble VLCC in 24 hours
  • South Texas Gateway Terminal; joint venture, Buckeye Partners, Phillips 66 Partners, and Andeavor (now part of MRO)
  • the docks initially will be capable of partially loading VLCCs with full loading of VLCCs at the docks a possibility later on
US crude oil exports at this link.

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