finance
Port of Corpus Christi Becomes Largest U.S. Crude Oil Export Hub
The Port of Corpus Christi now exports more than 2 million barrels of crude oil per day. The increase followed the 2015 lifting of the federal crude export ban. Pipeline capacity is cited as the next potential limit on further growth.
May 29, 6:00 PM·1m read1 source
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The Port of Corpus Christi has become the largest crude oil export hub in the United States, moving more than 2 million barrels per day after Congress lifted the export ban in 2015. Three decades earlier the same port functioned mainly as a regional industrial center with refineries and chemical plants. It was not then considered a strategic asset in global energy markets.
Britton stated that expanding exports will require additional takeaway infrastructure. Pipeline capacity is re-emerging as a constraint on further increases. Natural gas is described as the next frontier. The United States is currently the world's largest LNG exporter, and Corpus Christi already hosts a major LNG facility with additional projects in development.
The port's shift from regional hub to global export terminal occurred after the 2015 policy change that allowed unrestricted crude shipments abroad.
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