September 25, 2017: update on the OXY Corpus Christi terminal. To be complete by end of 2018.
Later, 11:35 p.m. Central Time: see comments from a reader.
Propane - propylene here: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=W_EPLLPZ_EEX_NUS-Z00_MBBLD&f=W.
Ethane - ethylene here: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=METEXUS2&f=A.
Apparently, things are back on schedule. New link to a new story. Data points:
- supertankers tested at Port Corpus Christi, TX
- mammoth tanker docking Friday at Port Corpus Christi, historic and successful
- 1,093-foot-long EuroNav tanker: Anne
- docked at Oxy's crude oil export facility
- classified as a Very Large Crude Carrier (VLCC)
- Belgian-owned ship: largest crude oil tanker to call on a Gulf of Mexico port
- will boost crude oil exports from Texas
- when fully loaded: the bottom of the hull -- 66 feet down
- unfortunately, Corpus Christi Ship Channel is only 45 feet deep
- so, they partially load the tanker dockside and then finish the loading in deeper waters using using a smaller ship and ship-to-ship transfer
- will fill up to 60% capacity dockside
- tanker at 100% capacity will hold 2.2 million bbls of crude oil for European and Asian markets
- Port of Corpus Christi plans to deepen its channel; build a higher harbor bridge to accommodate larger vessels
- ten years ago we were talking about Peak Oil
- President Carter: "start wearing cardigan sweaters"
- President Obama: "we can't drill out way to cheaper oil"
- now, VLCCs are docking off Texas
- Texas will dredge a channel to make it twenty feet deeper (20/45 = 44%)
- will build a new bridge over the channel
- all to export oil from the Permian -- an old basin thought to be dead ... until the Bakken revolution
- not in a generation; not in a lifetime; in less than ten years