Insight
Is this town big enough for the both of us?
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Report summary
With crude export numbers on the rise in recent years as a result of booming Lower 48 production, the Gulf Coast saw a rapid influx of midstream capital in 2019 flocking to Texas coastal waters in an effort to build an advantaged VLCC direct load offshore export terminal. The Gulf Coast export market initially faced seven potential offshore terminals; however, in the last year, stiff competition, regulatory hiccups, and project consolidation has left four still theoretically in the running, with two terminals potentially entering the Houston market. But, with ~1.2 million b/d in base line domestic light sweet crude consumption in the Houston area refining market alone, the question stands - can the Houston market support both SPOT and GulfLink? In this Insight, we dive into: • Sentinel's GulfLink connectivity updates • Scenarios evaluating economic viability of GulfLink and SPOT in Houston market • Updates of remaining contenders in MARAD process along TX Gulf Coast
Table of contents
- Assessing the market impact of potential competing offshore export terminals in the Houston area market
Tables and charts
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What's included
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