Bluewater Texas Terminal
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Bluewater Texas Terminal is a proposed oil export terminal in Corpus Christi, Texas, United States.
Location
The terminal will be located in the Gulf of Mexico, 21 miles east of Corpus Christi, Texas.
Project Details
- 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
Background
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.[1]
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.[2]
Articles and resources
References
- ↑ 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