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Fortune
Fortune
Jordan Blum

The Trump Administration touts approvals for deepwater oil-exporting hubs in the Gulf of Mexico, but no one seems willing to build them

A Very Large Crude Carrier from Greece unloads in China in 2020. (Credit: Getty Images)

The Trump administration touted the new licensing on Feb. 3 of the Texas GulfLink project—a crude oil-exporting terminal proposed in the deepwater Gulf of Mexico, about 30 miles offshore of Texas—claiming the country is restoring its “maritime dominance” and unleashing a new “golden age of American energy.”

But one key voice was missing from the celebration: Texas GulfLink’s developer. Dallas-based Sentinel Midstream declined to comment on the administration’s announcement, and didn’t issue any press release for its politically ballyhooed project approval.

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