CEOs of six American energy companies yesterday signed a letter addressed to President Donald Trump in support of the Corpus Christi Ship Channel Improvement Project (CIP).
The letter requests funding for the United States Army Corps of Engineers (USACE) to deepen and widen the Corpus Christi Ship Channel in an effort to meet surging global demand for U.S. produced oil and natural gas.
The Port of Corpus Christi is the largest export port of U.S. produced crude oil, and is a major export hub for U.S. energy products.
CEOs from Occidental Petroleum Corporation, NuStar Energy L.P., Buckeye Partners, L.P., Howard Energy Partners, Plains All American Pipeline, and Cheniere Energy, Inc. specifically asked that the President include $60 million for this project in his Fiscal Year 2019 Presidential Budget to begin Federal participation in its construction.
”Funding the CIP is an opportunity to invest in a national transportation asset that would allow our U.S. companies and the port to significantly increase our export capacity and help solidify the U.S. as a world energy leader,” the CEOs stated in their letter to President Trump.
The full text of the letter can be viewed here.