Buckeye Partners L.P. loaded the first vessel with crude oil sourced from the Permian Basin for export to overseas markets, at the Port of Corpus Christi in its South Texas Gateway (STG) Terminal project.
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.
The milestone reached by Buckeye Partners L.P. on loading its first vessel at the South Texas Gateway Terminal is monumental, particularly as our nation’s economic recovery from COVID-19 gets underway … 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.
The construction of the project is expected to be fully complete by the first quarter of 2021, according to Khalid Muslih, Executive Vice President of Buckeye GP and President, Global Marine Terminals.
The facility aspires to play a critical role in serving global energy markets from South Texas and the Port of Corpus Christi.
