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Fri Dec 1, 2017, 03:50 PM

Texas looks to port overhaul to keep pace with oil and gas exports

Dec. 1 (UPI) -- Texas needs capital support to expand the port infrastructure necessary to help keep up with the increase in U.S. oil and gas exports, a commissioner said.

The port at Corpus Christi is the fourth largest sea port in the country by tonnage, the largest crude oil export terminal and, by 2020, could be one of the largest points for liquefied natural gas leaving the United States.

The port authority there started working on improvements to the regional shipping channel in the 1990s. A partnership agreement was signed with the U.S. Army Corps of Engineers in September for improvements, but the Texas Railroad Commission, the state's energy regulator, told UPI they were still waiting for funding.

"The project would widen and deepen the port, allowing million barrel supertankers to load American crude and providing $100 million in annual transportation cost savings," Commissioner Ryan Sitton said. "The project has been in the works for decades but held up due to bureaucratic red tape."

Read more: https://www.upi.com/Energy-News/2017/12/01/Texas-looks-to-port-overhaul-to-keep-pace-with-oil-and-gas-exports/3281512131791/

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