Jupiter Announces Open Season for Permian-Gulf Coast Crude Pipeline
Houston-based Jupiter Energy Group said it has commenced a 90-day open season for binding shipper commitments on the Jupiter Pipeline, a 650-mile Permian Basin crude oil pipeline to the Texas Gulf Coast.
Jupiter said its pipeline will have capacity up to 1 MMb/d with origination points near Crane and Gardendale/Three Rivers in West Texas and an offtake point in Brownsville. The project is expected to be operational in the fourth quarter of 2020, Jupiter said.
As designed, the company said, Jupiter will be the only pipeline out of the Permian Basin that will access all three deep water ports in Texas (Houston, Corpus Christi and Brownsville) with direct access to a fully capable, off-coast VLCC loading facility at Brownsville.
“Construction of the Jupiter Pipeline is a key element in achieving our vision of providing our customers with the best hydrocarbon solutions from the wellhead to the world,” said Albert Johnson, president of Jupiter Pipeline.
The privately-held midstream, marketing and trading company announced in mid-October that it had secured a funding commitment from Charon System Advisors that would enable it to build the 36-inch pipeline. In addition, Jupiter said it is constructing a crude upgrading, processing and export terminal capable of loading VLCCs on 270 acres of land located in the Port of Brownsville.
Jupiter said in May it had already secured all initial governmental and regulatory permits to load and unload vessels of up to 65,000 deadweight tons or Panamax-sized vessels at the Jupiter Export Terminal. The company previously said it also had secured permits to construct more than 2.8 million barrels of storage in Brownsville and has additional permits on file to increase its storage footprint.
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