MARAD Approves $1B LA Port for 2M Bpd Crude Exports


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The U.S. Maritime Administration approved a deepwater 
port license for the $1 billion Blue Marlin Offshore Port project off 
Louisiana, designed to export up to 2 million bpd of crude oil.

   The approval announced Thursday (11/5) by the Department of Transportation, 
advances plan for the facility approximately 99 miles offshore from Cameron 
Parish, Louisiana, in West Cameron Block 509, using existing and converted 
platform infrastructure to accommodate Very Large Crude Carriers (VLCCs).

   Crude supplies will reach the offshore terminal through a dedicated pipeline 
system connecting major inland supply hubs in Texas, including the Nederland 
terminal area, and southwestern Louisiana, according to the department.

   The project would allow VLCCs to load crude directly in deep water, reducing 
congestion at inland ports and expanding export capabilities along the U.S. 
Gulf Coast.

   The approval advances the project's development, although the department did 
not announce a construction start date or expected completion schedule.




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