Fuel marketer Global Partners LP is more than doubling rail capacity at its Albany, N.Y., terminal to boost shipments of cheap Bakken crude from North Dakota to struggling refiners in the U.S. Northeast, Bloomberg News reports.
The terminal can currently handle 80-car trains.
Under the revised plan, the terminal will be able to offload two 120-car trains per day when the expansion is done by late summer, the Massachusetts-based company said.
Access to discounted North American oils may help the outlook for East Coast refiners that have been shuttered or are up for sale.
It has been estimated that it will cost $18 a barrel to ship Bakken crude to the East Coast by rail and barge, but it is still a cheaper option.
The North Dakota oil is coming from the Bakken shale that is similar to Ohio's liquid-rich Utica shale that is being developed.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.