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The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.
San Antonio-based NuStar Energy is loading the oil cargo on New Year’s Eve at its dock at the Port of Christi.
The lifting of a decades-old ban on crude oil exports primes Corpus Christi to become a key oil hub in the coming years, but it also dampens interest in expensive projects to export condensate, an ultralight oil not subject to the long-standing restriction.
On Monday, the Woodlands-based oil explorer released a video showing the spar’s 23,000-ton hull traveling 400 miles over four days.
Icahn, an investor famous for buying into large companies and pushing management toward policies intended to benefit shareholders, now owns 11.43 percent of Houston’s Cheniere Energy, according to documents filed by the U.S. Securities and Exchange Commission.
Pipeline partnership NuStar Energy LP on Friday reported second-quarter 2015 net income applicable to limited partners of $42.4 million, or 54 cents a unit, compared with $43.6 million, or 56 cents a unit, for the same period a year ago.
A top Cheniere executive provided an update on the project at an energy conference in Houston on Monday, months after the company first revealed that it was hoping to build a marine and storage terminal on a 552-acre site along the La Quinta Ship Channel.
Cheniere plans to expand its liquefied natural gas empire, adding two additional production units in Corpus Christi and partnering with a smaller Houston-based LNG company to build new projects in Louisiana.
With the move late Tuesday, the Energy Department is allowing Cheniere to export as much as 2.1 billion cubic feet per day of liquefied natural gas over the next 20 years from the planned facility to countries with which the United States does not have free trade agreements.
The facility, which would be able to process as much as 15 million metric tons of liquefied natural gas annually, is the first proposed greenfield export project — one that wouldn’t be built on the footprint of existing LNG infrastructure — to make it this far.