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Biden Quietly Approves Texas Oil Station 2 million b/d


Despite its apparent anti-oil stance, the Biden administration just approved a new oil export terminal for the Texas Gulf Coast, which will become the country’s largest oil export infrastructure.

Although the new terminal will add about 2 million barrels per day of new export capacity, the news did not attract much public attention and the project was given the green light very quietly, according to the report. Texas Court.

The approval comes as Democrats in Congress propose that the United States limit oil exports to secure domestic supplies.

The Tribune noted that the project’s approval was submitted earlier in the week, after the conclusion of the COP27 climate conference. However, the regulatory approval of the Seaport Oil Port has not gone completely unnoticed.

“President Biden cannot lead the fight against climate change, protect public health, or advocate for environmental justice while allowing fossil fuel companies to lock down fossil fuel operations. for decades,” said senior policy advocate for Earthworks, a climate nonprofit.

The Houston Chronicle suggested in an earlier article. report, however, such regulatory approval does not guarantee construction. News agencies report that if built, the Seaport Oil Terminal will be the first of four projects proposed in 2019 to come to fruition. The goal of these projects is to make oil loading more efficient and reduce transportation costs.

“It is gratifying to see the Maritime Administration recognize the important marine safety and environmental advantages of SPOT over current industry practice,” said Enterprise Products Partners, the company behind Seaport Oil Terminals. , said.

The project involved the construction of a terminal about 30 miles south of Freeport, in Surfside, and a pipeline to bring oil to the offshore facility from the Enterprise Product Partners regional network. The new terminal will make it much easier to load larger tankers that normal Gulf Coast ports cannot handle.

By Irina Slav for Oilprice.com

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