New Terminal Loads Initial VLCC Tanker with Crude Oil
HOUSTON – Buckeye Partners said crude oil export operations began at the second deepwater dock at South Texas Gateway (STG), a new facility constructed at the mouth of the Corpus Christi Ship Channel in Ingleside, Texas.
The completion of the dock enables Buckeye to accommodate berthing and loading of two vessels simultaneously. Buckeye said the loading of the VLCC tanker to berth at the terminal, marking another significant moment for Buckeye and the Port of Corpus Christi.
“We are very excited to have achieved these important milestones at our new facility, enhancing STG’s and Buckeye’s ability to serve global energy markets,” said Buckeye Partners President and CEO, Clark C. Smith.
Buckeye said the second terminal will be instrumental in reinforcing the role of the Port of Corpus Christi as a top export location for U.S. energy producers.
“The completion of the second dock and loading of its first VLCC cargo at the STG Terminal are significant milestones for Buckeye and the Port of Corpus Christi,” said Sean Strawbridge, CEO for the Port of Corpus Christi. “As Texas moves into the next phase of economic recovery from the COVID-19 pandemic, partnerships like those between the Port of Corpus Christi and its customers such as STG are critical to the continuance of American leadership in the global energy marketplace.”
STG’s marine facilities are now fully operational, with the final construction phase of storage facilities to be completed in the first quarter of 2021.
STG is a joint venture, 50%-owned and operated by Buckeye Partners. Phillips 66 Partners and Marathon Petroleum, through respective subsidiaries, each hold a 25% interest. STG’s petroleum products storage capacity will be 8.6 million barrels, with the potential to expand to 10 million barrels and throughput capacity of up to 800,000 bpd at its two deepwater docks.
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