Houston crude storage and distribution terminals are getting busy
fast these days as a flood of new crude begins to show up from inland
production basins. Crude tank storage rates in Houston are double those
at Cushing. Houston is now a trading hub for light sweet crude – as
witnessed by the launch of a new Platts assessment last week. The
Magellan East Houston terminal is the front line receipt point for
incoming crude from the Permian Basin. Today we spotlight Magellan’s
expanding Houston storage and distribution facilities.
Back in January of this year (2013) we completed a multi-part series
on the build out of crude oil storage and terminal facilities in
preparation for the flood of new crude streams headed into Houston on
pipelines this year and next. The final episode in that series provides a recap and links to all the earlier posts. In May we updated
our analysis of the crude distribution network around the Enterprise
Crude Houston Oil terminal (ECHO) being built out by Enterprise Product
Partners. Today we turn our focus back to Magellan Midstream Partners whose crude
terminal in East Houston is rapidly becoming the major distribution
point for incoming crude from the Permian basin.
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