Magellan plans new Texas crude pipeline network
Magellan Midstream plans to build new pipeline and terminal infrastructure at the partnership’s Galena Park terminal in Texas, the Oklahoma-based company said on Monday.
The new project will send crude oil to Magellan’s Gulf Coast crude distribution system for delivery to refineries in the Houston and Texas City area.
“We are pleased to add crude oil as a service offering at our Galena Park terminal, continuing to expand Magellan’s growing crude oil footprint,” said CEO Michael Mears.
“Our Galena Park facility is ideally situated to handle crude oil for delivery to the Gulf Coast refinery hub via Magellan’s own pipeline network.”
This project, estimated to cost approximately $50 million, is supported by long-term committed volumes and is expected to be fully operational by mid-2014 subject to necessary permitting.
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