Midstream investment company Buckeye Partners has completed its second deepwater dock at the South Texas Gateway (STG) terminal at the mouth of the Corpus Christi Ship Channel in Ingleside, Texas, US.
Crude oil operations at the new dock began at the end of December 2020, with the loading of the first very large crude carrier (VLCC) with crude oil for export. Buckeye can now berth and load two vessels simultaneously.
Buckeye operates STG and owns a 50% stake. Phillips 66 Partners and Marathon Petroleum each have a 25% stake. Buckeye says that STG’s marine facilities are now fully operational, and the final construction phase of the storage facilities, which will take the capacity to 8.6 million bbl, will be completed in Q1 2021. The throughput capacity at the completed terminal will be 800,000 bpd. There is further potential to expand storage to 10 million bbl.
‘We are very excited to have achieved these important milestones at our new facility, enhancing STG’s and Buckeye’s ability to serve global energy markets. STG’s 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,’ says Buckeye Partners president and CEO, Clark C. Smith.
Buckeye’s first deepwater dock at STG loaded its first vessel in July 2020.