Buckeye Partners, L.P. released on July 17, that the export operation of crude oil has begun at the South Texas Gateway (STG). The terminal is a new state-of-the-art construction to facilitate the crude oil supply from North America to global markets. The first marine vessel loading was on the day after the deliveries of crude oil throughout one from four pipelines serving STG. The operation starts and makes an important occasion for the company and the Port of Corpus Christi, boosting Buckeye’s core business as global leader in terminal operator. The South Texas Gateway located in Ingleside, the opening of Corpus Christi ship channel, planning to put the port to be a top export location for U.S energy producers reaching the global markets.
Khalid Muslih, Executive Vice President of Buckeye GP and President, Global Marine Terminals said that the STG represents substantial investment in the Corpus Christi Port and shows a long-term commitment to the company’s customers. As the contractors and employees continue the efforts to complete the additional phases of constructing the project safely and efficiently, expecting to be fully completed by Q1 of 2021, and this world-class facility will play an enormous role serving global energy markets from the region.
Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi said that the moment reached by Buckeye Partners L.P. loading its first vessel with crude from Permian Basin at the STG terminal is momentous as the nation economic recovery from pandemic is underway, oil and gas industry has been having rough time and now beginning to show signs of recovery. The marine operation is expected to finish by the end of this year as additional phases finish constructing. STG’s world-class facility will comply with its connectivity and capability to ensure safe and efficient loading up to VLCC-sized vessels along with controlled air emissions utilizing the state-of-the-art technologies.
STG is a joint venture owned by 50 percent and operated by Buckeye Partners. Other partners are Phillips 66 Partners LP and Marathon Petroleum Corporation subsidiaries, each owned 25% interest. By the time the facility is fully operational, STG’s will have up to 800,000 barrels per day of throughput capacity at two deepwater docks petroleum, while its products storage capacity will reach 8.6 million barrels, and potential to expand the capacity to 10 million barrels.
