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.