HOUSTON, US: Enterprise Products Partners LP (EPD) said 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 barrels on a gross basis during the first quarter of 2017.
The previous quarterly record was 136 million barrels in the second quarter of 2016. The loading of natural gas liquids (NGLs), crude oil, condensate, refined products and petrochemicals accounted for approximately 62 percent of total marine terminal volumes in the first quarter of 2017.
The following is a breakdown of average daily marine terminal volumes by product in terms of thousand barrels per day (MBPD), for the first quarter of 2017 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 MBPD
- NGLs (ethane, propane, butanes): 569 MBPD
- Refined products (gasoline, diesel, jet fuel, methanol, MTBE): 384 MBPD
- Petrochemicals (propylene): 15 MBPD
“Our marine terminals reported a 16 percent increase in gross volumes for the first quarter of 2017 compared to the first quarter of 2016 to a record 146 million barrels or 1.6 million barrels per day. Gross NGLs and crude oil marine terminal volumes for the first quarter of 2017 increased by 25 percent and 9 percent, respectively, compared to the first quarter of 2016,” said A J ‘Jim’ Teague, CEO of Enterprise’s general partner.
“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 first quarter of 2017. 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 2.0 million barrels per day, depending on the mix of hydrocarbon cargoes and imports versus 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 percent 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.
© Worldofchemicals News
Read More: Enterprise sets high volume record at Texas marine terminals
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