Magellan Midstream Partners LP has begun talks with companies developing crude transportation assets in Freeport, Texas, as it considers building a U.S. crude export terminal there instead of its previously planned spot off Corpus Christi, an executive said on Thursday. The Houston pipeline operator is still actively exploring the construction of an inland exporting facility on a harbor island off Corpus Christi, but has begun considering “all of our options,” including an offshore terminal off Freeport, closer to its crude storage and terminal assets in Houston, said Mark Roles, senior vice president at Magellan. “Barrels from pretty much every basin in the U.S. come through Houston so you can get a variety of grades, which is good for international buyers,” Roles said on the sidelines of the Argus Americas Crude Summit in Houston. That Magellan is considering Freeport adds a new wrinkle to the race to […]