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
- JupiterMLP's (sic) proposal for an offshore export terminal only six miles off Brownsville
- a new long-haul pipeline from Permian to Brownsville
- Trafigura's plan to build a deepwater export terminal 15 miles off Corpus Chrisi
- 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
- 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
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