Sentinel Midstream on Monday became the latest contender in the race to build a crude export terminal off the U.S. Gulf Coast, announcing plans to develop a facility off Freeport, Texas that could fully load a supertanker in one day. The Dallas-based company’s announcement follows seven other proposed crude export terminals vying to build a facility capable of loading a very large crude carrier (VLCC) without relying on smaller vessels to transfer crude cargoes, a process called reverse lightering that adds several days to loading times. Some executives, traders and analysts said they believe not every proposed terminal project will get built. Sentinel’s project would include an onshore terminal with 18 million barrels of storage, an offshore pipeline, platform and single-point mooring buoys that will load VLCCs, which carry 2 million barrels, at a rate of 85,000 barrels per hour. The company said it has financial […]