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NGL Energy Partners boosts Gulf of Mexico services with Texas terminaling assets buy

acquireda crude oil and condensate marine terminal project and associated assets inTexas to augment its Gulf of Mexico export services.

The assets,acquired from Pelorus Terminal:Point Comfort LLC, are composed of 350,000 shell barrels of storagecapacity, truck unloading bays and loading capacity for both inland and oceanvessels from three docks, according to an Oct. 3 news release.

The PointComfort terminal is designed to have an initial truck receipt capacity of atleast 30,000 bbl/d and a marine loading capacity of up to 20,000 bbl per hour,but is expandable depending on market demand. It is also supported by long-term,fee-based contracts.

Theterminal is expected to be ready for commercial service in April 2017.