HOUSTON—Enbridge Inc. will consider re-filing its application for federal permits to build a crude export terminal off Freeport, Texas, if market demand picks up, a company spokesman said on Jan. 3.
The Canadian pipeline operator recently withdrew its proposal for a facility capable of handling supertankers, U.S. maritime officials said this week, taking the project out of the current race to export U.S. shale.
Enbridge last month said it would jointly develop a deepwater facility with Enterprise Products Partners LP, whose project had already been advanced by long-term agreements with oil major Chevron Corp.
“Enbridge will consider re-filing the application in the future should market demand for additional export capacity grow in the future,” spokesman Devin Hotzel said in an email. The company had said it would position its Texas COLT project, or a similar proposal, to move forward if demand supported it. The Texas COLT project is jointly owned by Oiltanking Partners.
Enterprise’s Sea Port Oil Terminal (SPOT) project is planned for a location near Enbridge’s. The U.S. Coast Guard and Maritime Administration on Dec. 30 said the licensing process had come to an end. It was one of five that had filed for federal permits.
Rivals racing to develop similar projects include U.S. refiner Phillips 66, commodities trader Trafigura AG and privately held Sentinel Midstream LLC.
Carlyle Group said in October that it had dropped out of a $1 billion crude export terminal near Corpus Christi, Texas, marking the beginning of a shakeout among the terminal proposals vying to export U.S. crude.
Industry expert Tom McNulty joins Energy Policy Watch to discuss the ongoing energy crisis in Europe plus how the U.S. can avoid making the same mistakes in its energy transition.
Natural gas market expert John Harpole joins Cornerstone Government Affairs’ Jack Belcher for a post-analysis discussion on the 2021 Texas power crisis in the latest edition of Energy Policy Watch.
Energy Transfer played by the rules, built its pipeline and still emerged as the poster child for oil and gas industry villainy. What’s the lesson here?