Texas GulfLink LLC, a subsidiary of Sentinel Midstream LLC, has joined with Freepoint Commodities LLC in furtherance of the construction, operation, and utilization of Texas GulfLink, a proposed deepwater crude oil export terminal near Freeport, Tex., capable of fully loading very large crude carrier vessels (OGJ Online, Feb. 12, 2019).
Texas GulfLink will include an onshore terminal with as much as 18 million bbl of storage, an offshore 42-in. pipeline, and a manned offshore platform 30 miles off the Gulf Coast to facilitate port operations with two catenary anchor leg mooring single-point mooring buoys. Projected export loading rates will be as much as 85,000 bbl/hr, with a nominal capacity of 1.2 million b/d over the course of a year. The offshore platform will have around-the-clock monitoring.
The project is moving forward with the deepwater crude oil license application process, said Sentinel Midstream President and Chief Executive Officer Jeff Ballard (OGJ Online, June 13, 2019). “Through their Asian market focus, Freepoint will lead efforts to meet the growing demand from Asian refineries for US produced crude oil,” he said.
Freepoint Commodities is a global commodities merchant with presence in North America, Europe, and Asia. The company provides trading, financing, and logistics solutions and services across a range of commodity markets.
