NuStar Energy L.P. has more than tripled its marine loading capacity to 400,000 barrels per day according to a new Business Wire release at the Wall Street Journal's Market Watch. This is acheived through the construction of a new loading dock at Port Corpus Christi which has been completed several months ahead of schedule.
“The addition of the new dock and the related upgrades to our systems are critical to our Eagle Ford Shale strategy as it gives our customers even more options to move Eagle Ford crude by water,” said NuStar President and CEO Brad Barron.
Read The Full Release : "NuStar Completes Construction of Marine Loading Dock in Corpus Christi Several Months Ahead of Schedule"
According to a recent Wall Street Journal article, 2013 was a good year overall for U.S. trade with energy sales highlighting the mix. The U.S. petroleum trade continues strengthening while December overseas energy sales reached a record high.
In the article, "Energy a Bright Spot for Trade", Corpus Christi and Port Corpus Christi are the shining stars of the U.S. energy boom. The article mentions the influx of shippers and new industry to the region, and an 8% growth in payrolls across the Corpus Christi metro area.
Port Corpus Christi Executive Director, John LaRue is quoted in the article in regards to area growth and the increase of outbound crude shipments from our port.
Read the full article by clicking here.
Our Port celebrated the completion of the La Quinta Channel Extension Project on Friday, February 7, 2014 at the La Quinta Trade Gateway. The grand occasion was marked by a ribbon cutting and event officiated by Port Commissioner, Barbara Canales. Several dignitaries attended this momentous event along with representatives from key participants of the La Quinta Channel Extension Project, and members of industry which will see the benefits of extending the deep water shipping channel. Event speakers included, former U.S. Senator, Kay Bailey Hutchison; Texas Transportation Commissioner, Jeff Moseley; Mayor of the City of Portland, David Krebs; San Patricio County Judge, Terry Simpson, City of Corpus Christi Councilmen, David Loeb; U.S. Army Corps of Engineers Deputy Division Commander, Col. Richard Muraski; voestalpine Chairman, Dr. Wolfgang Lakata; and Port Corpus Christi Commission Chair, Judy Hawley.
The extension of the La Quinta Channel is over twenty years in the making and is now a reality. The project consisted of extending the La Quinta Ship Channel approximately 1.4 miles to a depth of -41’ MLT; Construction of an ecosystem restoration feature; and creation of a breakwater and shallow water habitat beneficial use site. Extension of the La Quinta Ship Channel will allow economic benefits to be achieved while enhancing the economy of the region by providing deep channel access to the Port’s La Quinta Gateway project. The Ecosystem Restoration component constructed near Ingleside-on- the -Bay, Texas consists of an offshore rock breakwater and shore protection and will protect and enhance approximately 45 acres of seagrass habitat. In addition, the improvements include the construction of approximately 200 acres of shallow water habitat created by the beneficial use of dredged material.
Extending La Quinta Ship Channel provides support to the development at La Quinta Terminal as well as the voestalpine Texas Holding's HBI production plant; TPCO American Corp. Steel Pipe mill in Gregory, Texas; Cheniere Energy’s proposed natural gas liquefaction; and the Gulf Compress Cotton Storage Facility.
La Quinta Trade Gateway Terminal (Project) is a major component of the Port of Corpus Christi Authority’s (Port) long-term development plan. Located on a 1,100-acre greenfield site on the north side of Corpus Christi Bay, when completed, this fully permitted project will include deep water access (-45') and provide a state-of-the-art multi-purpose dock facility, construction of a 3600’ channel frontage, 150 acres of container/general cargo storage yard and intermodal rail. The facility will have the capacity to handle approx. 1 million TEUs annually. The Project is sited adjacent to US 181/IH 37.
News on the event is featured in the following links :
This video features a brief visual history of the La Quinta Channel Extension Project :
Shale oil and gas discovery in the United States is transforming the world's oil and gas markets. The United States is now the leading producer of natural gas in the world and is on a path to become the leading oil producer.
Port Corpus Christi has seen a tremendous increase in movement of commodities related to the Eagle Ford Shale. Project cargo bound for the oil fields and crude oil and refined products are constantly flowing through our port. Projects for export of natural gas are also in the works around Port Corpus Christi.
"...the Port of Corpus Christi epitomizes the changes which shale energy have brought to the country..." Say's James Clad - Energy policy advisor to the Center for Naval Analyses, Jane’s Defence Weekly and Cambridge Energy Research Associates; in this interview with the San Antonio Business Journal - "Five Minutes with James Clad".
A crew from Germany's DW-TV, Deutsche-Welle Television, visited our port recently for a feature story on Eagle Ford Shale and related new developments around Port Corpus Christi. The video is featured on the DW web site here --> http://www.dw.de/billige-energie-bringt-aufschwung-in-usa/av-17339088
Port Corpus Christi Executive Director, John LaRue and CEO of voestalpine Texas, Bernhard Schlattl are interviewed for the story - Billige Energie bringt Aufschwung in USA
Even if you don't understand German, check it out. The story shows the great magnitude of projects at Port Corpus Christi.