Midstream investment company Buckeye Partners has begun to load the first marine vessel with crude oil at its new South Texas Gateway (STG) terminal at the Port of Corpus Christi, marking the start of operations at the site.
Plans for STG, which exports crude oil to global markets, were first announced in April 2018. The site is located in Ingleside at the mouth of the Corpus Christi ship channel, and received its first crude oil deliveries in June 2020. When fully operational, it will have a storage capacity of 8.6 million bbl, with the possibility to expand to 10 million bbl, and a throughput capacity of 800,000 BPD at its two deepwater docks. STG is operated by Buckeye, which has a 50% share, with Phillips 66 Partners and Marathon Petroleum Corporation each owning 25%.
‘South Texas Gateway represents a significant investment in the Port of Corpus Christi and a long-term commitment to our customers. Our employees and contractors continue their efforts to safely and efficiently complete the additional phases of construction on this project, which we expect to be fully complete by the first quarter of 2021. This world-class facility will play a critical role in serving global energy markets from South Texas and the Port of Corpus Christi, says Khalid Muslih, Executive Vice President of Buckeye GP and President, Global Marine Terminals.