According to the Port of Corpus Christi, the CEOs of six American energy companies signed a letter addressed to President Donald Trump Tuesday asking the government to fund the deepening and widening of the Corpus Christi Ship Channel.
The project aims to meet surging global demand for U.S. produced oil and natural gas. Deepening and widening the ship channel will allow the Port of Corpus Christi to keep up with increased export volumes of crude oil, natural gas and other petroleum products.
The Port is the largest export port of U.S. produced crude oil, and is a major hub for U.S. energy products.
The letter was signed by the CEOs from Occidental Petroleum Corporation, NuStar Energy L.P., Buckeye Partners, L.P., Howard Energy Partners, Plains All American Pipeline, and Cheniere Energy, Inc. It asks that the president include $60 million for the project in his Fiscal Year 2019 Presidential Budget.
To read the letter in its entirety, click here.
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