NuStar Energy has announced it is building storage in South Texas to allow for exports of lightly processed condensate from oil producers.
The storage tanks, which will enable exports out of the port of Corpus Christi, are due to be finished by July 2015.
The development follows approvals from the US Department of Commerce in late 2013 to allow condensate exports as long as they have undergone minimal processing to qualify it as an exportable refined product.
Storage is being constructed to keep the condensate segregated from Texas crude oil that cannot be exported, senior vice president Danny Oliver says.
The condensate storage tanks can hold 120,000 barrels at the pipeline’s terminal in LaSalle County and other that can hold up to 400,000 barrels at NuStar’s Corpus Christi terminal.