Corpus Christi, Texas on the Gulf of Mexico is a deepwater port just 70 miles south of the massive Eagle Ford shale formation, and it shows.
There are $3.8 billion in new projects under construction at the Port of Corpus Christi, the San Antonio Business Journal said, and projects worth another $12 billion are in permitting phase.
The Port of Corpus Christi is the fifth largest U.S. port and deepest inshore port on the Gulf of Mexico.
Some oil and gas companies are relocating from Houston to Corpus Christ, a city of about 312,000, to be closer to Eagle Ford, the report said.
The crude boom has transformed the port from an import facility into a net exporter because “the supply of Eagle Ford crude has outstripped local refining capacity,” the Business Journal said.
Cheniere Energy Inc. is planning a $10 billion natural-gas liquefaction plant at the Port of Corpus Christi.
Logistics firm Trafigura is spending $500 million to expand its crude oil terminal to handle additional petroleum exports.
The port is developing a $46 million rail-yard to handle Eagle Ford crude, pipe, and frac sand, the report said.