January 13, 2016 – The Advocate
Louisiana’s offshore oil port could become trading hub, report says
By: Ted Griggs
The Louisiana Offshore Oil Port could be transformed into a “crude blending and trading hub” if improvements are made to handle exports, a consulting group says in a report.
Turning LOOP into an export facility is only at the drawing board stage. Making that a reality will require “significant” infrastructure investments, RBN Energy LLC said.
Those include making a 48-inch pipeline that connects LOOP’s Clovelly storage facility to St. James flow in both directions or building a new parallel line.
In late November, LOOP began shopping the idea of shipping Gulf of Mexico crude to Texas refineries. Those refineries have been tweaked to handle the lighter crude from shale formations but can still use the heavier crude produced in the Gulf of Mexico.
Read the full article here: http://theadvocate.com/news/14560548-103/states-offshore-oil-port-could-become-trading-hub
