Valero Energy has formed a 50-50 joint venture with TGS
Development to build a new marine terminal on the lower
Sabine-Neches Waterway near Port Arthur, Texas, the companies
said on Monday.
As participants in the joint venture, known as PI Dock Facilities LLC, TGS will act as the
site developer and Valero will act as the operator.
The marine terminal will receive crude tankers of up to Suezmax
class, and will be able to operate without the
daylight restrictions imposed on other terminals in the
upper Sabine-Neches waterway.
The crude dock, which is scheduled for completion in the fourth
quarter of 2013, will deliver crude oil through a new 36-inch
pipeline to Valero's Port Arthur refinery and will have the
flexibility to connect to other local
"We are excited to have Valero and TGSD develop this site for
crude oil receipts. This will be a huge plus for the City of
Port Arthur, and we support further expansion into marine movements of
other commodities through PI Dock Facilities," said Terry Doyle,
chairman of the Pleasure Island Commission of the City of Port
The marine terminal site spans over 100 acres and has
space for two additional berths suitable for LPG and
refined product exports or additional crude receipts.
"The site, previously used as a dry dock facility with a
protected inlet off the channel, offers Valero 24-hour berthing
for vessels up to Suezmax Class, reducing our delivered crude
costs," said Richard Lashway, senior vice president of
logistics operations and commercial development.