Oct. 24–Houston-based JupiterMLP LLC, which provides logistics services to oil and gas plants, announced Oct. 17 that it has secured a funding commitment from Charon System Advisors adequate to build a 1 million-barrel-per-day oil pipeline from West Texas to the Port of Brownsville.
The 680-mile pipeline would be used to export oil from the Permian Basin to foreign markets via a crude-oil processing and export terminal Jupiter said it’s building. The terminal would be able to load supertankers at the port.
There is some skepticism among port officials. Port Director and CEO Eduardo Campirano said Jupiter’s proposed export terminal is the same project that was the subject of a “groundbreaking” by Centurion Terminals LLC in September 2015, though there’s been no movement on the project, even as Centurion has morphed into Jupiter.
” They have a lease,” he said. “Their initial phase was to develop a terminal project. We haven’t seen that. No dirt has been turned over.”
Also, nothing related to a pipeline has been agreed to, Campirano said.
” They put this stuff out, but I will tell you that all I have is a lease for a terminal, which is the original project,” he said. “A lot of plans have been talked about since then, but we haven’t sat down to cement any of that.”
In the Oct. 17 announcement, Jupiter CEO Tom Ramsey said the company’s plans for an export terminal and pipeline show that “we are executing on our long-term, global strategy of connecting the ‘wellhead to the world.'”
Campirano said the port just wants to see the progress on the promised terminal and that an Oct. 30 meeting is scheduled with Ramsey.
” We’ve been pressing them do what they said they were going to do,” Campirano said. “I guess we’ll find out more as we go forward.”
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