Lone Star Ports LLC, backed by Carlyle Group, will be seeking a faster-track approval from the U.S. Administration for its project to build the first U.S. onshore export terminal capable of servicing supertankers on an island near Corpus Christi, officials tell Reuters . Lone Star Ports plans to build the terminal on the Harbor Island as U.S. oil production continues to grow, while current oil export infrastructure is insufficient to handle growing crude exports. The planned terminal will be able to service full-laden Very Large Crude Carriers (VLCC)—the so-called supertankers with the ability to carry up to 2 million barrels of crude oil each. Lone Star Ports plans to file documents this week with the Federal Permitting Improvement Steering Council (FPISC), asking to join a list of infrastructure projects that could be fast-tracked through local, state, and federal reviews. The U.S. Army Corps of Engineers (USACE) has recommended an […]

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