Washington — With developers of about 10 projects racing to build deepwater crude export terminals off Texas and Louisiana, Enbridge only sees enough demand for one of them in the late 2021-early 2022 timeframe, the company said in its fourth-quarter 2018 earnings call.
Enbridge, Kinder Morgan and Oiltanking have proposed the Texas Colt Offshore Loading Terminal offshore Freeport, Texas. It would be capable of loading VLCCs directly, something only the Louisiana Offshore Oil Port can currently do. Continue reading “Competition heats up in US oil exporting race”