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Proposed deepwater Gulf ports could cut crude costs

Journal Article · · Energy User News; (United States)
OSTI ID:7036166

Deepwater facilities to lower the costs of handling crude oil are proposed by the Northville Industries Corp. and the newly formed Texas Deepwater Port Authority (TDPA) for Galveston, Texas. Projected savings will be 32 to 37 cents per barrel. The proposal most likely to be built will be whichever of the two succeeds in signing up oil companies first. There will not be enough traffic to support two terminals. Another deepwater project is already underway in Louisiana. Deepwater facilities able to receive supertankers were licensed by the Department of Transportation (DOT) last year but were rejected by the Seabrook, Inc. consortium because the liability requirements and antitrust restrictions were unacceptable. The same design plans will be used by TDPA, which will ask DOT to relax its requirements. Construction and operating plans of the two proposals are summarized.

OSTI ID:
7036166
Journal Information:
Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 3:19; ISSN EUSND
Country of Publication:
United States
Language:
English