Enterprise Products Partners, a Houston-based midstream energy services provider, has announced a plan to develop an offshore crude oil export terminal off the Texas Gulf Coast.
The terminal would be capable of catering for fully loaded VLCCs with an aim to export crude oil to Asia and Europe.
The company has started front-end engineering and design (FEED) and preparing applications for regulatory permitting.
Based on initial designs, the project could include approximately 80 miles of pipeline to an offshore terminal capable of loading and exporting crude oil at approximately 85,000 barrels per hour.
“Given the long-term outlook for growing supplies of U.S. crude oil production, increasing global demand requiring super tankers, and the future limitations of Gulf Coast port and lightering capacities, we are confident this project will be embraced and supported by both domestic and international customers,” said A.J. Teague, chief executive officer of Enterprise’s general partner.
“In addition to our best in class reliability, Enterprise’s crude oil supply aggregation capabilities of over 4 million barrels per day, including from the Permian, Cushing, Eagle Ford and numerous third party connections, provide unmatched diversification, supply and quality optionality for international markets,” Teague added.
According to the company, a final investment decision will be subject to receiving the requisite state and federal permits and customer demand.