NGL Energy Partners has acquired a crude oil and condensate marine terminal project from Pelorus Terminal: Point Comfort.
The facility, at the Port of Point Comfort in Texas comprises 350,000 shell barrels of storage capacity, multiple truck unloading bays and capabilities of loading both inland and ocean going vessels from docks at the port.
NGL’s facility will have an initial truck receipt capacity of at least 30,000 barrels per day and a marine loading capacity of up to 20,000 barrels per hour. It is expected to be in service in April 2017 and can be expanded to meet future market demand.
Don Robinson, executive vice president of NGL, says: ‘The terminal is backed by long-term, fee-based contracts and will enhance our ability to service additional markets for the export of crude oil and condensate via the Gulf of Mexico.’