John Keffer, Senior Vice President – Terminals, at Plains All American, the operator of the joint venture commented that the commissioning of Corpus Christi terminal was an accomplishment for the Eagle Ford Terminals Corpus Christi joint venture.
Also, the terminal provides producers with an additional option to move developing crude oil production from the Permian Basin and South Texas to markets where it can help to power progress, spark innovation and advance quality of life.
Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi stated
The Plains All American / Enterprise Eagle Ford EF1 Terminal is now in operation, adding incremental export capacity to the region. The Port of Corpus Christi applauds this addition to our gateway’s Permian Basin export pipelines.
Also, Corpus Christi reached an agreement with Lone Star Ports on developing a new petroleum export terminal. In the meantime, the US Army Corps of Engineers (USACE) awarded the first dredging contract for the Corpus Christi Ship Channel Improvement Project to Great Lakes Dredge and Dock Company (GLDD). This will deepen the channel to a depth of 56’ from the Channel entrance to Harbor Island, and has a planned depth of 54’ throughout the rest of the harbor.
Concluding, the Port of Corpus Christi is the largest US port in total revenue tonnage and is forecasting exports of nearly $15 billion of crude oil in 2019.