28JAN2019 - NEWS - Magellan Midstream Partners LP initiates talks for developing crude transportation assets in Freeport, Texas

Magellan Midstream Partners LP has recently begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously planned spot off Corpus Christi. The Houston pipeline operator is still actively exploring the construction of an inland exporting facility on a harbor island off Corpus Christi. That Magellan is considering Freeport adds a new wrinkle to the race to build U.S. export terminals capable of loading crude onto supertankers. The company had followed global commodities trader Trafigura SA and investor Carlyle Group in making plans for export terminals off Corpus Christi.

Published by Editor - www.Livebunkers.com at 28-Jan-2019 04:35:40 [UTC] , contact editor at editor@livebunkers.com