Eiger Express Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region
Enbridge (NYSE:ENB) and its partners have reached a final investment decision to construct the Eiger Express Pipeline, a major natural gas transportation infrastructure project. The pipeline will transport 2.5 billion cubic feet per day of natural gas through 450 miles of 42-inch pipeline from the Permian Basin to the Katy area.
The project is a joint venture between WhiteWater, MPLX LP, ONEOK, and Enbridge through their Matterhorn JV (70% ownership), with additional direct stakes held by ONEOK (15%) and MPLX (15%). The pipeline will source supply from multiple Permian Basin connections and is expected to be operational by mid-2028, subject to regulatory approvals.
Enbridge (NYSE:ENB) e i suoi partner hanno preso la decisione definitiva di investimento per costruire la Eiger Express Pipeline, un’importante infrastruttura per il trasporto di gas naturale. Il gasdotto trasporterà 2,5 miliardi di piedi cubi al giorno di gas naturale attraverso 450 miglia di condotta da 42 pollici dal Bacino Permiano fino all’area di Katy.
Il progetto è una joint venture tra WhiteWater, MPLX LP, ONEOK ed Enbridge tramite la loro Matterhorn JV (70% di proprietà), con quote dirette aggiuntive detenute da ONEOK (15%) e MPLX (15%). Il gasdotto prenderà approvvigionamento da più punti di connessione nel Bacino Permiano ed è previsto che sarà operativo entro la metà del 2028, subordinatamente alle approvazioni regolamentari.
Enbridge (NYSE:ENB) y sus socios han tomado la decisión final de inversión para construir la Eiger Express Pipeline, una importante infraestructura de transporte de gas natural. El gasoducto transportará 2.5 mil millones de pies cúbicos por día de gas natural a lo largo de 450 millas de tubería de 42 pulgadas desde la Cuenca Pérmica hasta el área de Katy.
El proyecto es una empresa conjunta entre WhiteWater, MPLX LP, ONEOK y Enbridge a través de su Matterhorn JV (70% de propiedad), con participaciones directas adicionales de ONEOK (15%) y MPLX (15%). El gasoducto obtendrá suministro de múltiples conexiones en la Cuenca Pérmica y se espera que esté operativo para mediados de 2028, sujeto a las aprobaciones regulatorias.
Enbridge (NYSE:ENB)와 그 파트너들이 Eiger Express Pipeline 건설을 위한 최종 투자 결정을 내렸습니다. 이 주요 천연가스 수송 인프라는 퍼미안 분지에서 케이티 지역까지 42인치 파이프라인 450마일에 걸쳐 일일 25억 입방피트의 천연가스를 운송할 예정입니다.
이 프로젝트는 WhiteWater, MPLX LP, ONEOK 및 Enbridge가 Matterhorn JV를 통해 참여(지분 70%)하는 합작 사업이며, ONEOK(15%)와 MPLX(15%)가 추가로 직접 지분을 보유합니다. 파이프라인은 퍼미안 분지의 여러 연결 지점에서 공급을 조달할 예정이며, 규제 승인 조건 하에 2028년 중반까지 가동될 예정입니다.
Enbridge (NYSE:ENB) et ses partenaires ont pris la décision finale d’investissement pour construire la Eiger Express Pipeline, une importante infrastructure de transport de gaz naturel. Le gazoduc acheminera 2,5 milliards de pieds cubes par jour de gaz naturel sur 450 miles de conduite de 42 pouces depuis le Permian Basin jusqu’à la région de Katy.
Le projet est une coentreprise entre WhiteWater, MPLX LP, ONEOK et Enbridge via leur Matterhorn JV (70 % de participation), avec des participations directes supplémentaires détenues par ONEOK (15 %) et MPLX (15 %). Le gazoduc s’approvisionnera auprès de plusieurs connexions dans le Permian Basin et devrait être opérationnel d’ici mi-2028, sous réserve des approbations réglementaires.
Enbridge (NYSE:ENB) und seine Partner haben die endgültige Investitionsentscheidung zum Bau der Eiger Express Pipeline getroffen, einer wichtigen Infrastruktur für den Transport von Erdgas. Die Pipeline wird 2,5 Milliarden Kubikfuß pro Tag Erdgas über 450 Meilen einer 42-Zoll-Leitung vom Permian Basin bis zum Gebiet Katy transportieren.
Das Projekt ist ein Joint Venture zwischen WhiteWater, MPLX LP, ONEOK und Enbridge über deren Matterhorn JV (70% Anteil), mit zusätzlichen Direktanteilen von ONEOK (15%) und MPLX (15%). Die Pipeline wird ihre Versorgung aus mehreren Anschlüssen im Permian Basin beziehen und soll, vorbehaltlich behördlicher Genehmigungen, bis Mitte 2028 betriebsbereit sein.
- Secured firm transportation agreements with investment grade shippers, ensuring stable revenue
- Large-scale infrastructure with 2.5 Bcf/d capacity addressing growing Permian Basin production
- Strategic partnership structure spreading risk across multiple major industry players
- Multiple supply connection points in both Midland and Delaware Basins enhancing operational flexibility
- Long construction timeline with operations not starting until mid-2028
- Project subject to regulatory approval risks
- Significant capital investment required for 450-mile pipeline construction
The Eiger Express Pipeline is designed to transport up to 2.5 billion cubic feet per day (Bcf/d) of natural gas through approximately 450 miles of 42-inch pipeline from the Permian Basin in
The Eiger Express Pipeline is a joint venture owned
The Eiger Express Pipeline will be constructed and operated by WhiteWater and is expected to be in service in mid-2028, pending the receipt of customary regulatory and other approvals.
About the Matterhorn Joint Venture
The Matterhorn JV is owned by WhiteWater (
About WhiteWater
WhiteWater is an
About I Squared Capital
I Squared Capital is a leading global infrastructure investor managing
About FIC
FIC Partners Management, LP ("FIC") is an investment firm with a focus on critical infrastructure assets across the energy and power use value chains. FIC focuses on investment opportunities that seek to generate long-term capital appreciation in the gas transmission, downstream, power and utilities, renewables, and data/telecommunications industries. We partner with management teams and businesses to help accelerate the development of strategic assets that serve society's growing energy needs and the associated decarbonization of industrial infrastructure. FIC is the renamed firm following the merger of Emerald Bridge Capital, LP and First Infrastructure Capital Advisors, LLC. For more information about FIC, please visit www.FICfund.com.
About ONEOK, Inc.
At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. MPLX also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power to advance new technologies including hydrogen, renewable natural gas and carbon capture and storage. Headquartered in
View original content to download multimedia:https://www.prnewswire.com/news-releases/eiger-express-pipeline-reaches-final-investment-decision-to-transport-growing-natural-gas-production-from-the-permian-basin-to-the-gulf-coast-region-302537206.html
SOURCE WhiteWater
FAQ
What is the capacity and length of the Eiger Express Pipeline?
Who are the owners of the Eiger Express Pipeline project?
When will the Eiger Express Pipeline begin operations?
Where will the Eiger Express Pipeline source its natural gas supply?
Who will construct and operate the Eiger Express Pipeline?
