The Tampa Port Authority board of commissioners approved a 25-year agreement to allow four of the port's major oil and gas customers to share operation, maintenance and repair of the new petroleum unloading facility at its main petroleum terminal complex, currently undergoing major construction and upgrades.
The common user license agreement, essentially partnering Kinder Morgan Liquid Terminals, TPSI Terminals, Murphy Oil USA and Buckeye Terminals, brings together port customers that in the past have each operated independently.
“Sharing of the central manifold will allow for higher efficiency, larger capacity and greater cost effectiveness at the new complex, slated to open later this summer. This particular project, which expanded and modernized the 45-year-old existing terminal facilities, is the largest single capital investment ever undertaken by the port authority and will further solidify the port as the energy products gateway for all of West and Central Florida,” the port said.
Two new petroleum berths will replace the Richard E. Knight (REK) Pier. The new berths will use the latest technologies available for the movement of oil and gas products and allow for larger vessels than are currently served at the facility.
“The Port of Tampa has and always will be the energy products gateway of the region, and this agreement underscores very strong commitment toward that end,” Paul Anderson, Tampa Port Authority chief executive officer and port director, said in a statement.