New Database Tracks Liquids Pipeline Projects
The U.S. Energy Information Administration (EIA) recently unveiled a database that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL) and petroleum products pipeline projects.
According to EIA, the database contains information on projects completed since 2010 and reveals several changes in Gulf Coast crude oil supply and demand patterns prompted by rising domestic crude oil output. Moreover, EIA noted that most of the scheduled pipeline capacity growth over the next several years will originate in the Gulf Coast.
From 2010 to 2018, U.S. crude oil production doubled and approximately 70 percent of that growth came from the Gulf Coast, EIA noted. The agency, which includes the Permian Basin within the Gulf Coast region, contends that Gulf Coast oil output rose from 5.2 million barrels per day (bpd) in 2014 to 7.1 million bpd last year. Moreover, EIA anticipates that nine intrastate crude oil pipeline projects emanating from the Permian will move greater volumes of crude from the bustling oil play throughout Texas and Louisiana from 2019 through 2021.
EIA also observed that 2015 was a significant year for the Gulf Coast because it marked the region’s transitioned from being a net oil shipper to a net recipient. At that time, a series of projects were underway to add capacity and reverse existing pipe flows between the Gulf Coast and the Midwest, the Bakken and Canada, the agency pointed out.
To access the new oil pipeline projects database, visit EIA’s website.
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