Enbridge will advance the development of a new wholly-owned Jones Creek Crude Oil Storage Terminal.
The facility will have ultimate capability of up to 15 million barrels of storage, access to crude oil from all major North American production basins and will be fully integrated with the Seaway Pipeline system to allow for access to Houston-area refineries, existing export facilities and other facilities in the future.
Seaway announced recently a plan to proceed with an open season to secure interest in a potential 200,000 barrels per day expansion of the system. Seaway is well-position as a highly competitive option to transport Cushing volumes to a fully integrated network of pipelines, storage facilities, and export terminals along the US Gulf Coast.
Enbridge president and CEO Al Monaco says: ‘The combination of the proposed Seaway expansion, the development of our Jones Creek Storage Terminal and our expanded offshore VLCC, positions us nicely and advanced our strategy to enhance and extend North America’s premiere crude oil value chain – one that stretches from western Canada, to the Midwest and through to the Midcontinent and US Gulf Coast. It also fits very well with our broader goal to further build out our export infrastructure position in both crude oil and natural gas.’