CORPUS CHRISTI, Texas — Two separate joint ventures announced by Phillips 66 Monday will connect the Port of Corpus Christi to key shale oil producing regions in the U.S.
Phillips 66 is partnering with Bridger Pipeline LLC to build the Liberty Pipeline, which will provide crude oil transportation services from the Rockies and Backen production areas to Cushing, Oklahoma, the main thoroughfare for Central U.S. crude production.
Phillips 66 is also partnering with Plains All American Pipeline to build the Red Oak Pipeline, which will transport multiple grades of crude oil from Cushing and the Permian Basin to the Port of Corpus Christi.
Officials said pending permitting, service on both pipelines could begin as early as 2021.
"These newly announced pipelines are pivotal developments in establishing the Port of Corpus Christi as the preferred gateway for U.S. crude exports. These lines will add new North American crude slates such as Bakken, Niobrara/DJ Basin, SCOOP & STACK to our already high-quality Permian and Eagle Ford barrels," said Sean Strawbridge, Chief Executive Officer for the Port of Corpus Christi. "The discerning Asian and European crude customer will certainly appreciate the expanded menu of options Corpus Christi provides when buying American crude oil."
The Port of Corpus Christi forecasts exports of nearly $15 billion of crude oil in 2019.