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<\/p>\nBuckeye Partners LP has reported that crude oil export operations have begun at the second deepwater dock at its South Texas Gateway (STG) Terminal, which sits at the mouth of the Corpus Christi Ship Channel.<\/p>\n
The company pointed out in a written statement emailed to Rigzone that the new dock enables the Ingleside, Texas, facility to accommodate the berthing and loading of two vessels simultaneously. Moreover, it stated that STG has loaded its first very large crude carrier (VLCC) tanker with crude oil for export.<\/p>\n
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\u201cWe are very excited to have achieved these important milestones at our new facility, enhancing STG\u2019s and Buckeye\u2019s ability to serve global energy markets,\u201d remarked Buckeye Partners president and CEO Clark C. Smith.<\/p>\n
He added: \u201cSTG\u2019s new terminal, alongside our nearby Buckeye Texas Partners facility, will be instrumental in providing our customers with cutting-edge logistics solutions and in reinforcing the role of the Port of Corpus Christi as a top export location for US energy producers.\u201d<\/p>\n
With the exception of final construction of storage facilities that will conclude during the first quarter of 2021, STG\u2019s marine facilities are now fully operational and can safely and efficiency load up to VLCC-sized vessels, Buckeye stated.<\/p>\n
Upon completion, STG will boast 8.6 million barrels of petroleum products storage capacity \u2013 expandable to 10 million barrels \u2013 and throughput capacity of up to 800,000 barrels per day via its two deepwater docks, the company added.<\/p>\n
Buckeye Partners owns a 50 percent stake in STG and operates the joint venture. Its co-venturers, each of which holds a 25 percent interest, include Phillips 66 Partners LP and Marathon Petroleum Corp.<\/p>\n