TRAVERSE PIPELINE REACHES FINAL INVESTMENT DECISION TO TRANSPORT NATURAL GAS BETWEEN AGUA DULCE AND THE KATY AREA
WhiteWater, MPLX LP, and Enbridge Inc. (ENB) have announced a final investment decision through their WPC joint venture to construct the Traverse Pipeline, partnering with Targa Resources Corp. The project features a bi-directional 36-inch pipeline spanning approximately 160 miles along the Gulf Coast between Agua Dulce and the Katy area.
The pipeline is designed to transport up to 1.75 billion cubic feet per day of natural gas and will be connected to multiple sources including the Whistler, Blackcomb, and Matterhorn Express Pipelines. The infrastructure will be owned by the Blackcomb Pipeline joint venture, with ownership split between WPC (70.0%), Targa (17.5%), and MPLX (12.5%). WhiteWater will handle construction and operations, with service expected to begin in 2027.
WhiteWater, MPLX LP e Enbridge Inc. (ENB) hanno annunciato una decisione finale di investimento attraverso la loro joint venture WPC per costruire il Traverse Pipeline, in collaborazione con Targa Resources Corp. Il progetto prevede un oleodotto bidirezionale di 36 pollici che si estende per circa 160 miglia lungo la Gulf Coast tra Agua Dulce e l'area di Katy.
L'oleodotto è progettato per trasportare fino a 1,75 miliardi di piedi cubi al giorno di gas naturale e sarà collegato a più fonti, tra cui gli oleodotti Whistler, Blackcomb e Matterhorn Express. L'infrastruttura sarà di proprietà della joint venture Blackcomb Pipeline, con una suddivisione della proprietà tra WPC (70,0%), Targa (17,5%) e MPLX (12,5%). WhiteWater si occuperà della costruzione e delle operazioni, con l'inizio del servizio previsto per il 2027.
WhiteWater, MPLX LP y Enbridge Inc. (ENB) han anunciado una decisión final de inversión a través de su joint venture WPC para construir el Traverse Pipeline, en asociación con Targa Resources Corp. El proyecto cuenta con un oleoducto bidireccional de 36 pulgadas que se extiende aproximadamente 160 millas a lo largo de la Costa del Golfo entre Agua Dulce y el área de Katy.
El oleoducto está diseñado para transportar hasta 1.75 mil millones de pies cúbicos por día de gas natural y estará conectado a múltiples fuentes, incluidos los oleoductos Whistler, Blackcomb y Matterhorn Express. La infraestructura será propiedad de la joint venture Blackcomb Pipeline, con la propiedad dividida entre WPC (70,0%), Targa (17,5%) y MPLX (12,5%). WhiteWater se encargará de la construcción y las operaciones, con el servicio previsto para comenzar en 2027.
WhiteWater, MPLX LP, 및 Enbridge Inc. (ENB)는 Targa Resources Corp와 협력하여 Traverse Pipeline을 건설하기 위한 최종 투자 결정을 발표했습니다. 이 프로젝트는 Agua Dulce와 Katy 지역 사이의 걸프 코스트를 따라 약 160마일에 걸쳐 있는 36인치 양방향 파이프라인을 특징으로 합니다.
이 파이프라인은 하루 최대 17억 5천만 입방피트의 천연가스를 운송하도록 설계되었으며, Whistler, Blackcomb 및 Matterhorn Express 파이프라인을 포함한 여러 출처와 연결됩니다. 이 인프라는 Blackcomb Pipeline 합작 투자에 의해 소유되며, 소유권은 WPC(70.0%), Targa(17.5%), MPLX(12.5%) 간에 분배됩니다. WhiteWater는 건설 및 운영을 담당하며, 서비스는 2027년에 시작될 예정입니다.
WhiteWater, MPLX LP et Enbridge Inc. (ENB) ont annoncé une décision finale d'investissement à travers leur coentreprise WPC pour construire le Traverse Pipeline, en partenariat avec Targa Resources Corp. Le projet comprend un pipeline bidirectionnel de 36 pouces s'étendant sur environ 160 miles le long de la côte du Golfe entre Agua Dulce et la région de Katy.
Le pipeline est conçu pour transporter jusqu'à 1,75 milliard de pieds cubes par jour de gaz naturel et sera connecté à plusieurs sources, y compris les pipelines Whistler, Blackcomb et Matterhorn Express. L'infrastructure sera détenue par la coentreprise Blackcomb Pipeline, avec une répartition de la propriété entre WPC (70,0 %), Targa (17,5 %) et MPLX (12,5 %). WhiteWater s'occupera de la construction et des opérations, avec un début de service prévu pour 2027.
WhiteWater, MPLX LP und Enbridge Inc. (ENB) haben eine endgültige Investitionsentscheidung durch ihr Joint Venture WPC zur Konstruktion der Traverse Pipeline bekannt gegeben, in Partnerschaft mit Targa Resources Corp. Das Projekt umfasst eine bidirektionale 36-Zoll-Pipeline, die sich über etwa 160 Meilen entlang der Golfküste zwischen Agua Dulce und dem Katy-Gebiet erstreckt.
Die Pipeline ist darauf ausgelegt, bis zu 1,75 Milliarden Kubikfuß pro Tag Erdgas zu transportieren und wird mit mehreren Quellen verbunden, darunter die Whistler-, Blackcomb- und Matterhorn-Express-Pipelines. Die Infrastruktur wird im Besitz des Joint Ventures Blackcomb Pipeline sein, mit einer Eigentumsverteilung zwischen WPC (70,0 %), Targa (17,5 %) und MPLX (12,5 %). WhiteWater wird den Bau und Betrieb übernehmen, wobei der Service voraussichtlich 2027 beginnen wird.
- Secured firm transportation agreements with investment grade shippers
- Large transport capacity of 1.75 Bcf/d of natural gas
- Strategic connection to multiple premium markets and supply sources
- Partnership with major industry players enhances project viability
- Project completion timeline extends to 2027, indicating delayed revenue generation
- Regulatory approvals still pending, presenting execution risk
The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approximately 160 miles of 36-inch pipeline along the Gulf Coast between
The Traverse Pipeline will be wholly owned by the Blackcomb Pipeline joint venture, which is owned
The Traverse Pipeline will be constructed and operated by WhiteWater and is expected to be in service in 2027, pending the receipt of customary regulatory and other approvals.
About the WPC Joint Venture
The WPC joint venture is owned by WhiteWater (
About WhiteWater
WhiteWater is an Austin, Texas based infrastructure company and operator of multiple gas transmission assets, including the Whistler Pipeline and the Blackcomb Pipeline. WhiteWater is partnered with multiple private equity funds, including but not limited to I Squared Capital. For more information about WhiteWater, visit www.wwdev.com.
About I Squared Capital
I Squared is a leading independent global infrastructure investor managing over
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. We're also advancing new technologies including hydrogen, renewable natural gas and carbon capture and storage. Headquartered in Calgary,
About Targa Resources Corp.
Targa Resources Corp. ("Targa") is a leading provider of midstream services and is one of the largest independent infrastructure companies in North America. Targa owns, operates, acquires and develops a diversified portfolio of complementary domestic infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. Targa's assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. Targa is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.
Targa is a FORTUNE 500 company and is included in the S&P 500.
For more information, please visit the Company's website at www.targaresources.com.
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SOURCE WhiteWater
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