Trafigura applies to build the Texas Gulf’s first VLCC terminal

Trafigura applies to build the Texas Gulf’s first VLCC terminal

Trafigura, the commodities giant, has applied to build a deepwater port in the US, potentially giving the Texas Gulf its first VLCC capacity terminal.

The US began exporting crude oil in 2016. It has rapidly scaled up its exports, hitting a high of 11m barrels per day last month. However, port infrastructure has not kept up.

“The Texas Gulf … will allow VLCCs and other tankers to load cargo safely, directly and fully via a single-point mooring buoy system (SPM). Using SPMs eliminates unnecessary ship traffic in inland ports as well as the ‘double handling’ of the same crude oil,” Trafigura said in a statement sent to Reuters yesterday.

If approved a new onshore terminal will be built which will be fed via a pipeline and located close to Corpus Christi.

The SPM will have a capacity of around 500,000 barrels per day.

Trafigura was overall the largest US crude and condensate exporter last year.

The Trafigura news follows on from last month’s announcement that Houston-based Enterprise Products Partners was also looking at building a VLCC-sized terminal in the Texas Gulf.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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1 Comment

  1. Avatar
    STEPHEN T LEONARD
    August 7, 2018 at 8:50 pm

    So now we will have LOOP and TOOP. The T can tand for Texas or Trafigura. Cute