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Report: US postpones review of Trafigura's Gulf Coast deepwater terminal project


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Report: US postpones review of Trafigura's Gulf Coast deepwater terminal project

The U.S. Maritime Administration and the U.S. Coast Guard postponed their review of Swiss commodity trading company Trafigura AG's application for a deepwater oil export facility along the Gulf Coast, potentially delaying the trader's plans by one month.

Maritime officials asked Trafigura to provide additional information on pipeline construction through waterways, as well as on its consultations with the Texas Historical Commission, among other groups, Reuters reported March 16, citing a statement from a Coast Guard official.

In response to the suspension, Trafigura said it was working to provide the requested information to the regulators. Victoria Dix, a spokeswoman for Trafigura, said in an email to Reuters that such postponements are common "to ensure officials have adequate time to review materials or to allow the applicant to provide additional information."

Trafigura is one of four companies that have filed applications to build deepwater terminals capable of fully loading very large crude carriers, known as VLCCs, which can hold up to 2 million barrels each. The projects would load oil from U.S. shales onto tankers for deliveries to Asia, Europe and Latin America. The other applicants are Carlyle Group LP, Enbridge Inc. and Enterprise Products Partners LP.