Buckeye’s new crude oil export terminal in Corpus Christi, South Texas Gateway, has begun operations, loading its first cargo last week. The new facility is located at Ingleside, near Buckeye’s existing operations, and is a joint venture between Buckeye (50%) and affiliates of Phillips 66 and Marathon Petroleum (25% each). Once fully operational, it will offer 8.6m bbl of tank storage and has the space to expand to 10m bbl.
“South Texas Gateway represents a significant investment in the Port of Corpus Christi and a long-term commitment to our customers,” says Khalid Muslih, executive vice-president of Buckeye GP and president of its Global Marine Terminals. “Our employees and contractors continue their efforts to safely and efficiently complete the additional phases of construction on this project, which we expect to be fully complete by the first quarter of 2021.”
“The milestone reached by Buckeye Partners on loading its first vessel at the South Texas Gateway Terminal is monumental, particularly as our nation’s economic recovery from Covid-19 gets underway,” says Sean Strawbridge, CEO of the Port of Corpus Christi. “The oil and gas industry has gone through a period of unprecedented demand destruction that is only now beginning to show signs of reversing. The loading of this vessel with crude from the Permian Basin is a sign that this economic downturn is changing direction.”[post_title] => South Texas Gateway opens for business [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => south-texas-gateway-opens-for-business [to_ping] => [pinged] => [post_modified] => 2020-07-20 11:13:56 [post_modified_gmt] => 2020-07-20 10:13:56 [post_content_filtered] => [post_parent] => 0 [guid] => https://hcblive.com/?p=24424 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw )