The shale oil revolution, liberalisation of Mexico’s energy sector and an established demand market have provided Jefferson Energy Terminal with the foundations to expand further in the Gulf Coast
The US storage market has remained active and robust, thanks largely to the shale oil revolution, continued refinery expansion and the recent liberalisation of Mexico’s energy sector.
Jefferson Energy Terminal is capitalising on its strategic position in the heart of one of the most active refining markets in the US and on the back of these favourable market conditions with a series of expansion projects at its facility in the Port Arthur-Beaumont refining complex.
Tank storage has increased in PADD III in recent years by as much as 10% as a result of new petroleum production and expansion
projects in refineries and chemical plants and the Beaumont-Port Arthur area has seen its fair share of this growth.
The company believes that this trend will continue in the long term along w...