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Enterprise doubles down on massive offshore Houston export terminal

·2 min read
Enterprise doubles down on massive offshore Houston export terminal
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The chief executive of Houston-based midstream Enterprise Products Partners LP (NYSE: EPD) said the company still plans to build an offshore crude export terminal despite permitting delays. Co-CEO Jim Teague was speaking about the Sea Port Oil Terminal, or SPOT, project during a panel discussion at the 23rd World Petroleum Council at the George R. Brown Convention Center on Dec. 8. Enterprise is developing the project, first announced in 2019, alongside another pipeline company, Canada-based Enbridge Inc. (NYSE: ENB).