Buckeye Partners Begins Operations at South Texas Gateway Export Terminal
(P&GJ) — Buckeye Partners has announced that crude oil export operations have begun at its new South Texas Gateway (STG) terminal
Loading of the first marine vessel was initiated on Thursday, following the first deliveries of crude oil in June from one of four pipelines that will serve STG.
STG, located in Ingleside at the mouth of the Corpus Christi ship channel, along with the nearby Buckeye Texas Partners (BTP) operations, are leading facilities that further position Corpus Christi as a top export location for U.S. energy producers to access global markets.
“The oil and gas industry has gone through a period of unprecedented demand destruction that is only now beginning to show signs of reversing. The loading of this vessel with crude from the Permian Basin is a sign that this economic downturn is changing direction,” said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi.
Marine operations are expected to ramp up through the end of this year as additional phases of construction are completed. STG’s connectivity and capability will allow for loading of up to VLCC-sized vessels.
STG is a joint venture 50% owned and operated by Buckeye Partners. Phillips 66 Partners LP and Marathon Petroleum Corporation, through respective subsidiaries, each have a 25 percent ownership interest.
When fully operational, STG’s petroleum products storage capacity will be 8.6 million barrels, with the potential to expand to 10 million barrels, and up to 800,000 barrels per day of throughput capacity at two deepwater docks.
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