Energy Transfer, TotalEnergies Ink Deal for Crude Offtake from Blue Marlin Offshore Port
(P&GJ) — U.S. pipeline operator Energy Transfer said on Thursday it has signed a non-binding agreement to supply crude oil to French energy major TotalEnergies from its upcoming Blue Marlin oil export project.
The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision.
The agreement with TotalEnergies marks an important step in the commercialization of the proposed Blue Marlin Offshore Port and underscores the need for the further development of export capabilities to support the efficient delivery of U.S.-produced energy products globally.
Blue Marlin Offshore Port is being designed and permitted as a best-in-class wellhead to water offshore port with the ability to load up to one VLCC per day. Blue Marlin is a brownfield project that leverages existing underutilized offshore infrastructure resulting in reduced environmental impact and a quicker time to market. The project also remains subject to applicable government approvals.
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