Enterprise sets record at marine terminals
Published by Francesca Brindle,
Editorial Assistant
Hydrocarbon Engineering,
Enterprise Products Partners L.P. has announced that the combined exports and imports of hydrocarbons across its marine terminals, including 18 deepwater docks along the Texas Gulf Coast, totalled a record 146 million bbls on a gross basis during the first quarter of 2017 (1Q17). The previous quarterly record was 136 million bbls in the 2Q16. The loading of natural gas liquids (NGLs), crude oil, condensate, refined products and petrochemicals accounted for approximately 62% of total marine terminal volumes in the 1Q17.
The following is a breakdown of average daily marine terminal volumes by product in terms of bpd, for the 1Q17 on a gross basis before taking into account our net interest in certain joint ventures:
- Crude oil (WTI, Light WTI, condensate, West Texas Sour, etc.): 648 000 bpd.
- NGLs (ethane, propane, butanes): 569 000 bpd.
- Refined products (gasoline, diesel, jet fuel, methanol, MTBE): 384 000 bpd.
- Petrochemicals (propylene): 15 000 bpd.
“Our marine terminals reported a 16% increase in gross volumes for the 1Q17 compared to the 1Q16 to a record 146 million bbls, or 1.6 million bpd,” said A.J. 'Jim' Teague, chief executive officer of Enterprise’s general partner. “Gross NGLs and crude oil marine terminal volumes for the 1Q17 increased by 25% and 9%, respectively, compared to the 1Q16.”
“Our Enterprise Hydrocarbons Terminal on the Houston Ship Channel, the largest of our marine terminals, accounted for approximately 60 percent, or almost 922 thousand barrels per day, of total volumes handled in the 1Q17. It is well positioned to facilitate the growing global appetite for US produced NGLs, crude oil, condensate, refined products and petrochemicals. With our recent investments in dock expansions, this facility has the capacity to handle up to 2 million bpd, depending on the mix of hydrocarbon cargoes and imports vs exports,” continued Teague.
“Recently, we believe the Houston Ship Channel has been a victim of erroneous claims of growing congestion. Large vessel traffic on the waterway has essentially been flat since 2012. The Houston Ship Channel has the capability to handle much more deep draft activity as the average daily movements are less than 60% of its peak single-day record according to the Greater Houston Port Bureau. When it comes to access to onshore storage facilities, vessel traffic service, two-way traffic, max draft, beam and air draft dimensions, number of pilots and the lack of military and offshore platform limitations, our experience tells us the Houston Ship Channel is the crown jewel of ports on the Texas Gulf Coast, ” said Teague.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/13042017/enterprise-sets-record-at-marine-terminals/
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