DALLAS—Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas. The completed facility will be capable of fully loading Very Large Crude Carrier (VLCC) vessels.
Texas GulfLink will include an onshore terminal with up to 18 million barrels of storage, an offshore 42-in. pipeline and a manned offshore platform to facilitate port operations with two (2) Catenary Anchor Leg Mooring (CALM) Single Point Mooring (SPM) buoys. Projected export loading rates will be up to 85,000 barrels per hour, with a nominal capacity of 1.2 million barrels per day over the course of a calendar year.
“Texas GulfLink will provide the United States with an economical solution to clear the over-supply barrels destined for the Gulf Coast,” said Sentinel Midstream President and CEO Jeff Ballard. “We have compiled a team of industry-leading professionals who possess unique experience in construction and operations of deepwater ports and are well positioned to leverage that experience as prudent operators. Our team of seasoned professionals is committed to developing Texas GulfLink with a specific focus on exceeding industry standards for safety and environmental protection.”
Over the past year, Sentinel Midstream developed Texas GulfLink in conjunction with multiple stakeholders, including federal, state and local agencies. The project has secured necessary commercial support to justify the capital investment and is preparing its submission of a formal permit with the United States Maritime Administration (MARAD).
Project financing is being provided by Cresta Fund Management. Cresta Managing Partner Chris Rozzell said, “Sentinel has assembled the best-in-class team, with deep experience developing and operating deepwater export solutions. We are excited to partner with them as they bring this critical facility to the Gulf Coast market.” Rozzell added, “We view the company’s value proposition, which provides a neutral infrastructure solution without the inherent conflicts of affiliated marketing, as the best approach to support the interests of U.S. producers and lead to the greatest outcome for all stakeholders.”
Recommended Reading
Energy Transition in Motion (Week of Sept. 20, 2024)
2024-09-20 - Here is a look at some of this week’s renewable energy news, including funding for a direct lithium extraction project in Arkansas.
‘Misguided’ Approach to Energy Transition Threatens Energy Security
2024-09-18 - International Energy Forum Secretary General Joseph McMonigle says a single, linear pathway to the energy transition is “misguided and an outdated approach.”
Honeywell, SAMSUNG E&A to Collab on CCUS Solutions
2024-09-18 - SAMSUNG E&A will leverage Honeywell's carbon capture technologies, in particular Honeywell’s advanced solvent carbon capture technology.
Despite Progress, Hydrogen Faces ‘Sobering Realities’
2024-09-18 - A $335 billion investment gap may put 2030 targets toward net-zero ambitions in jeopardy.
Shell Taps Advanced Ionics for Electrolyzer Pilot Project
2024-09-17 - Part of Shell’s GameChanger program, the pilot project is intended to help scale Advanced Ionics’ Symbion electrolyzer technology and move it toward commercialization.