Cheniere Energy’s Port of Corpus Christi LNG Plant Will Cost $12 Billion

A Final Investment Decision Is Expected By the End of 2014
Cheniere's Corpus Christi Liquefaction Project

Cheniere’s Corpus Christi Liquefaction Project | Click to Enlarge

Cheniere Energy is closer to making a decision on final investment in its Corpus Christi Liquefaction project.

Cheniere received a turnkey construction commitment priced at $800/tonne of liquefaction. The engineering and construction company Bechtel submitted the contract in September.

Cheniere has plans for up to six trains with 4.5 mtpa capacity each in Corpus Christi, but initial plans call for three trains with capacity of 13.5 mtpa (~1.8 Bcf/d). [Read more…]

Energy Transfer Will Convert an Eagle Ford Gas Pipeline to Liquids to Supply Trafigura Terminal in Corpus Christi

Pipeline Will Have Capacity to Move 100,000 b/d of Crude Oil & Condensate
Trafigura Terminals Eagle Ford Port in Corpus Christi

Trafigura Terminals’ Eagle Ford Port in Corpus Christi | Click to Enlarge

Energy Transfer has reached an agreement with Trafigura for liquids capacity that supports the development of a pipeline supplying the Port of Corpus Christi.

Energy Transfer will utilize existing infrastructure to construct an 82-mile, 100,000 b/d pipeline system from McMullen County to the Port of Corpus Christi. [Read more…]

Port of Corpus Christi Booms on the Back of Eagle Ford Growth

With Eagle Ford Production Growing, Most Oil Tankers Leave the Port Full
Oil Tanker Leaving Port of Corpus Christi

Empty Oil Tanker Leaving Port of Corpus Christi – Click to Enlarge

We spent part of the week at the Fall Eagle Ford Consortium Conference and were able to attend a tour of the Port of Corpus Christi. In the past, oil was arriving on a regular basis, but Eagle Ford exports to other parts of the U.S. are outpacing imports for the first time. The Port is booming.

More than $3.8 billion in projects are under construction and another $10.7 billion are in some phase of permitting at the Port. The largest project being considered is a $10 billion natural gas liquefaction plant that has been proposed by Cheniere Energy. [Read more…]

Port of Corpus Christi’s Eagle Ford Oil Exports Exceed Oil Imports – Video

Oil Exports Are Up Over 1 Million Barrels Compared to August of 2012

The Port of Corpus Christi has reached a milestone that won’t likely be reversed any time soon. Oil exports from the port are exceeding imports.

During the month of August, the port saw oil exports rise to almost 3.9 million barrels (~124,000 b/d) compared to inbound cargo of just 2.8 million barrels (~90,000 b/d). One year prior in August of 2012, the port was exporting just 2.8 million barrels (~90,000 b/d) and importing over 3 million barrels (~100,000 b/d). [Read more…]

Port of Corpus Christi Has Barges Waiting To Move Eagle Ford Oil

More Than One-Third Of Eagle Ford Oil Production Moving By Ship
Trafigura Terminals Eagle Ford Port in Corpus Christi

Trafigura Terminals’ Eagle Ford Port in Corpus Christi | Click to Enlarge

The Port of Corpus Christi has gone from moving less than 10,000 b/d of crude oil in 2011 to approximately 200,000 b/d in August 2012 to almost 350,000 b/d now.

Ships are now standing in line to move Eagle Ford crude and port expansions simply won’t come fast enough. [Read more…]

NuStar – ConocoPhillips Ink Midstream Deal – Expanding Crude System

NuStar Plans to Spend $100-120 Million on Eagle Ford Crude System Expansions
NuStar - ConocoPhillips Pipeline and Terminal Expansion

NuStar – ConocoPhillips Eagle Ford Midstream Expansion | Click to Enlarge

NuStar Energy and ConocoPhillips have agreed to a long-term pipeline and terminal services agreement that is supporting expansion of NuStar’s crude oil pipeline system in the Eagle Ford.

Nustar plans to expand its pipeline system and add a 100,000 b/d terminal in Pawnee, TX. The new terminal will connect to an existing 12-inch pipeline that moves crude from Pettus to Three Rivers. From there, the pipeline will be extended to an existing Oakville Terminal for delivery to the company’s North Beach Terminal. New truck receiving facilities in Pawnee and Oakville are planned, along with new refinery connections in Corpus Christi. [Read more…]