Bluewater Texas Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Bluewater Texas Terminal is a proposed oil export terminal in Corpus Christi, Texas, United States.
The terminal will be located in the Gulf of Mexico, 21 miles east of Corpus Christi, Texas.
- Owner: Trafigura; Phillips 66
- Location: offshore Corpus Christi, Texas, United States
- Coordinates: 27.815558, -96.828670 (approximate)
- Capacity: Terminal 1: 1,920,000 barrels per day; Terminal 2: 1,920,000 barrels per day
- Status: Proposed
- Type: Export
- Start Year:
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
In June 2019 Trafigura applied for a permit to build the project with the Maritime Administration (MARAD) under MARAD-2019-0094-0003. In February 2020 Trafigura announced that it had formed a partnership with Phillips 66 to build the terminal.
Having been intent in Spring 2020 on making a final investment decision (FID) on the project by the end of 2020, Phillips 66 announced in June 2020 that "We are still many months away from a financial investment decision". A combination of COVID-19 travel limitations further delaying the federal licensing process and sharply reduced global crude oil demand which has caused US production to drop has caused increased uncertainty over the project.
Articles and resources
- Trafigura forms venture with Phillips 66 for deepwater Texas oil port, Reuters, Feb. 28, 2020
- Jordan Blum, Phillips 66, Trafigura Bluewater offshore terminal remains up in the air during pandemic, S&P Global, Jun. 10, 2020