Proposed GC export terminals growing

Magellan Midstream Partners LP of Houston became the latest company on Nov. 1 to join a group of prospectors looking to build an oil export terminal on the Gulf Coast designed to load Very Large Crude Carriers (VLCCs) supertankers. Oil exports are rapidly expanding, but volume is constrained due to the limited capability to load giant vessels that can carry some two million barrels of crude oil. Numerous companies and pipeline operators have already announced proposals to be looking into finances and ground-breaking projects. Magellan is considering a potential VLCC export terminal for Corpus Christi, Texas. Other Texas and Louisiana projects have been proposed, including Tallgrass Energy LP. (Source: Maritime Logistics 11/02/18) Gulf Coast Note: Tallgrass Energy had previously announced plans to develop the proposed Seahorse Pipeline from Cushing, Okla., to the St. James, La., refining complex, as well as a separate export-capable liquids terminal strategically located near the mouth of the Mississippi River. The proposed Plaquemines Liquids Terminal (PLT) is a joint development project with Drexel Hamilton Infrastructure Partners in concert with the Plaquemines Port & Harbor Terminal District. The terminal is expected to be fully operational in 2020 and permitted for up to 20M barrels of storage. PLT will have the ability to fully load and unload Post-Panamax vessels and barges on its multiple deep-water docks. Tallgrass anticipates building a separate offshore pipeline extension to give PLT added capability of loading VLCC in 2021.