Six US energy companies are requesting funding for a project to deepen and widen the Corpus Christi Ship Channel in an effort to meet the demand for US oil and natural gas.
In a letter addressed to President Donald Trump, the CEOs from Occidental Petroleum Corporation, NuStar Energy, Buckeye Partners, Howard Energy Partners, Plains All American Pipeline, and Cheniere Energy, specifically asked that the President includes USD 60 million for this project in his Fiscal Year 2019 Presidential Budget to begin Federal participation in its construction.
“Funding the Channel Improvement Project (CIP) is an opportunity to invest in a national transportation asset that would allow our US companies and the port to significantly increase our export capacity and help solidify the US as a world energy leader,” the CEOs stated in their letter to President Trump.
“With widespread bipartisan support, we are confident you will find this project the most worthy of funding of all U.S. coastal navigation construction projects in the Nation,” said Sean Strawbridge, Port Corpus Christi CEO in the letter to the President.
“As the gateway to the global markets, Port Corpus Christi must ensure the infrastructure it oversees, namely the Corpus Christi Ship Channel, is capable of transporting safely and competitively the anticipated increased export volumes of crude oil, natural gas, and other petroleum products.”