Plaquemines Port plans to export crude oil by 2020
The following article was published in New Orleans City Business, August 29, 2018
Tallgrass Energy and Drexel Hamilton Infrastructure Partners plan to construct a crude oil export terminal on the Mississippi River in Plaquemines Parish, according to a Wednesday news release by Louisiana Economic Development.
The Plaquemines Liquids Terminal is permitted for up to 20 million barrels of crude oil storage, with potential plans to be fully operational by mid-2020.
Project partners predict a combined pipeline and terminal project will mean a $2.5 billion capital investment. The project is predicted to generate 35 permanent new direct jobs and at least 1,250 temporary construction jobs.
The project is scheduled as a public-private partnership, with various deepwater docks along the river to be provided by the Plaquemines Port Harbor and Terminal District. The docking facilities will offer terminal operators with the capability to load and unload larger-capacity vessels now navigating the newly expanded Panama Canal.
The terminal would be served by a pipeline with the power to carry up to 800,000 barrels of crude oil daily from Cushing, Oklahoma, to Louisiana. Tallgrass Energy also wants to construct an offshore pipeline extension to offer the terminal project the added capability of loading large crude carriers, the biggest petroleum tankers currently utilized.
According to Sandy Sanders, the port’s executive director, the project has the unanimous support of the port’s board of commissioners.