Enterprise Products Partners LP’s proposed 2 million b/d oil export terminal, to be sited offshore Texas, is inching forward after federal approval was given to apply for a permit.

Enterprise Products Partners

The Maritime Administration (MARAD) in its 94-page Record of Decision said before a license is issued and construction begins on the Sea Port Oil Terminal, aka SPOT, the project “must comply with state and federal permitting, mitigation and related requirements” (2019-0011-7890). 

A final investment decision to move forward on the deepwater project was issued by Enterprise in July 2019 after clinching a long-term supply agreement with Chevron U.S.A. Inc. 

According to the Securities and Exchange Commission Form 10-Q filed by Enterprise for 3Q2019, the project would consist of onshore and...