Port of Corpus Christi Green-Lights Offshore Oil Terminal Lease
01.11.2021 By Ricardo Perez - NEWS

January 11, 2021 [Maritime Executive] – The Port of Corpus Christi Authority’s commission has approved a lease agreement and pipeline easement for the Bluewater Texas Terminals (BWTX) offshore deepwater loading terminal, a 50/50 joint venture between Phillips 66 and Trafigura.

The project will help boost exports of American crude oil to the global market.

The proposal consists of two single point mooring (SPM) buoys located about 21 nautical miles from the entrance to the Corpus Christi Ship Channel. The terminal site has enough water depth to fully load very large crude carriers (VLCCs), putting it in a unique category with the Louisiana Offshore Oil Port (LOOP), an SPM terminal that is currently the only U.S. facility with this capability.

With two SPM buoys, BWTX would have a loading rate of up to 80,000 barrels per hour – enough for a throughput of about 16 VLCCs per month. Crude oil from Texas’ Permian and Eagle Ford basins will feed the terminal via pipelines connected to a multi-use crude oil storage terminal near Taft, Texas.

The port lease lays out the terms for BWTX to access existing pipeline corridors and Port Authority property for the project. BWTX will also lease 12 acres for an operations facility on Harbor Island.

Port Commission’s approval of this agreement with Bluewater Texas Terminals caps yet another major inflection point in the evolution of American energy exports, not only for the Port of Corpus Christi, but for the nation,” said Sean Strawbridge, CEO for the Port of Corpus Christi. “Blue Water Texas Terminals will likely be the only offshore loading facility in Texas and certainly solidifies the Port of Corpus Christi’s position as the leading energy export gateway in the United States.

BWTX is currently in the permitting stage, and it is subject to a final investment decision by its backers.


Click Here to Access Today a 6,000 Tank Terminal Database With a Pro Trial
6,000 terminals as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Angel CCS JV and Yara Partner for Carbon Capture and Storage Study
04.19.2024 - NEWS
April 19, 2024 [Pipeline & Gas Journal]- The Angel CCS Joint Venture will collaborate with Ya... Read More
Kinder Morgan Meets Profit Estimates, Sees New Demand from AI Operations
04.19.2024 - NEWS
April 19, 2024 [Reuters]- Pipeline and terminal operator Kinder Morgan (KMI.N), opens new tab on ... Read More
Cepsa and Evos Join up for Green Methanol Storage in Spain and the Netherlands
04.19.2024 - NEWS
April 19, 2024 [Storage Terminals Magazine]- Spanish energy company Cepsa has forged an agreement... Read More
Linde to Increase Green Hydrogen Production in Brazil
04.19.2024 - NEWS
April 19, 2024 [Linde]- Linde (Nasdaq: LIN) announced today its subsidiary White Martins will bui... Read More