The Port of Corpus Christi Authority Commission has approved a lease agreement and related pipeline easement for the Bluewater Texas Terminals (BWTX) offshore deepwater port project, a 50/50 joint venture between Texas-based Phillips 66 and Trafigura Group. The proposed project will consist of up to two single point mooring (SPM) buoys located approximately 21 nautical miles from the entrance to the Corpus Christi Ship Channel. The project is currently in the permitting stage and is subject to final investment decision by the joint venture partners. The proposed project will lease 12 non-waterfront acres for an operations facility on Harbor Island, to include an office and equipment for inspection, monitoring and communications.
