Port of Corpus Christi Commission approves agreement for offshore deepwater port project
The Port of Corpus Christi Authority Commission has approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals, LLC (BWTX) offshore deepwater port project — a 50/50 joint venture between Texas-based Phillips 66 and Trafigura Group Pte. Ltd.
This agreement facilitates BWTX’s plans to provide safe and environmentally friendly infrastructure for the increasing exports of responsibly produced US crude oil to the global demand markets that prefer US energy.
The proposed project will consist of up to two single point mooring (SPM) buoys located approximately 21 nautical miles from the entrance to the Corpus Christi Ship Channel.
The BWTX project is currently in the permitting stage and is subject to final investment decision by the joint venture partners.
The Commission-approved lease agreement defines the commercial terms with the Port of Corpus Christi for BWTX to access existing pipeline corridors and Port Authority property for the project. BWTX will lease 12 non-waterfront acres for an operations facility on Harbor Island, to include an office and equipment for inspection, monitoring and communications.
“Port Commission’s approval of this agreement with Bluewater Texas Terminals caps yet another major inflection point in the evolution of American energy exports, not only for the Port of Corpus Christi, but for the Nation,” said Sean Strawbridge, CEO for the Port of Corpus Christi.
For more information visit portofcc.com
21st December 2020
