Post-Harvey, Midstream Mulls Strategy

摘要

A chain is only as strong as its weakest link, and in the month since Hurricane Harvey savaged the Gulf Coast from Corpus Christi, Texas, to Baton Rouge, La., the initial lesson seems to be that upstream and downstream came through fairly well, but the midstream suffered. The pleasant surprise was how well refineries and chemical plants handled the flooding. With the notable exception of a peroxides plant northeast of Houston, most processing facilities were back in operation within a week of the storm. In contrast, many pipelines and some storage operations were harder hit, some having to declare force majeure.