Welcome to WZPV ! 11-13 October, 2024 Wenzhou city, China 中文(简体)

Home / Press & Media /

What's New

Enbridge buys Moda Ingleside crude export terminal

Enbridge Inc. has agreed to purchase the Moda Ingleside Energy Center (MIEC) and other assets from Moda Midstream LLC and EnCap Flatrock Midstream. MIEC, with an export capacity of 1.6-million b/d from Ingleside, Tex., is the largest crude export terminal by volume in the US, having loaded more than 25% of all US Gulf Coast crude exports in 2020, according to Moda. The companies expect the $3-billion transaction to close by end 2021.

MIEC has an aggregate storage capacity of more than 15 million bbl and can load very large crude carriers. It connects Permian and Eagle Ford production to international markets via direct connectivity to transmission pipelines including Plains All American Pipeline LP’s 390,000-b/d Cactus I and 670,000-b/d Cactus II pipelines, Phillips 66 Partners’ 900,000-b/d Gray Oak pipeline, the 600,000-b/d EPIC Crude Pipeline (expandable to 1-million b/d), and Harvest Midstream Co.’s 600,000-b/d Ingleside pipeline.

Other assets included in the transaction are Moda’s 350,000-bbl Taft storage terminal, near MIEC; a minority, non-operating interest in the Cactus II pipeline; a 100% interest in Moda’s 300,000-b/d Viola pipeline; and Moda’s St. James Development Project, a brownfield effort to build storage and terminal infrastructure near St. James, La. The St. James site is within the crude hub already established in the area with marine waterfront and pipeline connectivity. It includes one dock and room for a second, as much as 8 million bbl of permitted storage capacity with in-tank blending, and additional land available for expansion.

Moda and EnCap will retain ownership in Vopak Moda Houston, a deepwater terminal in the Port of Houston at Deer Park, Tex., the companies own with Royal Vopak. Vopak Moda Houston includes a rail loop and is capable of handling petrochemical and LPG feedstocks. It recently commissioned a Suezmax-scale dock and built storage and terminaling infrastructure for its industrial gas product line.