Energy Transfer LP has entered right into a non-binding Heads of Agreement (HOA) with TotalEnergies associated to time period crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per 30 days.
The HOA is topic to the negotiation and execution of definitive agreements and the satisfaction of different circumstances, together with Energy Transfer taking a remaining funding resolution on the challenge, anticipated to be developed within the Gulf of Mexico, offshore Cameron Parish, Louisiana for exporting domestically produced crude oil.
The settlement with TotalEnergies marks an necessary step within the commercialization of the proposed Blue Marlin Offshore Port and underscores the necessity for the additional growth of export capabilities to assist the environment friendly supply of U.S.-produced power merchandise globally.
Blue Marlin Offshore Port is being designed and permitted as a “best-in-class” wellhead-to-water offshore port with the flexibility to load as much as one VLCC per day.
Blue Marlin is a brownfield project that leverages existing underutilized offshore infrastructure , which is anticipated to lead to decreased environmental influence and a faster time to market. The challenge is topic to relevant authorities approvals.
The plans name for the conversion of the Stingray pipeline from pure fuel to grease service, together with an interim platform in WC 148 and the conversion of the platform advanced in WC 509 from pure fuel to fuel and oil service.
The challenge features a new roughly 37.0-mile-long, 42-inch-diameter crude oil pipeline to attach the prevailing Nederland Terminal in Jefferson County and thru Orange County, Texas, to the prevailing 36-inch-diameter Stingray Pipeline at Station 501 in Cameron Parish, Louisiana.
