STGT is a newly built, high-quality crude oil export facility, operating a deep-water, open access marine terminal in Ingleside, Texas at the mouth of the Corpus Christi Bay.
The Terminal was officially placed in-service and loaded its first vessel in July 2020. In March 2021, STGT completed the final construction phase of incremental storage facilities bringing the total terminalling capacity to 8.6 million barrels of crude oil across 20 tanks. The Terminal is connected to the Permian and Eagle Ford basins through multiple, newly-built pipelines and is strategically positioned to connect these basins to global exports.
With two deep-water docks that enable the simultaneous loading of two VLCCs (Very Large Crude Carriers) and a permitted throughput capacity of 1 mmbbl/d, STGT is the second largest U.S. crude oil export terminal by capacity and accounted for approximately 12% of the United States’ total crude oil exports in 2023 year-to-date.
Its advantaged location and operational efficiencies, combined with its pipeline-connections to leading North American resources plays, position STGT for continued growth through optimization of existing capacity, and increasing throughput volume. As U.S. crude oil exports grow, driven by production growth from the low-cost, resource-rich Permian basin, Gibson anticipates the potential for future expansions at the Terminal.
Texas Gulf Coast crude export terminals with VLCC capabilities
bbl/d of oil in record values was achieved in March 2023 by The Terminal
mmbbl/d of pipeline connectivity to the Permian basin