May 2019, Vol. 246, No. 5

Projects

Moda Decision Could Ease Stress of 3 New Pipelines

Moda Midstream is considering building a second berth at its Ingleside, Texas, crude export terminal to accommodate supertankers, the company’s chief executive said. The expansion to the terminal that loads oil tankers will come as three major pipelines open in the second half of this year, CEO Bo McCall said in an interview with Reuters. Moda is also increasing the facility’s crude storage capacity from 2 million to 12 million barrels. “When these new pipelines come online, there is going to be close to 3.5 million barrels a day coming into the market,” McCall said. “Demand is very strong and we’re working very fast.” Moda will decide if it will modify one of its berths to accommodate s

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