Enable Midstream Partners, LP (NYSE: ENBL) today announced the
development of the Gulf Run Pipeline, an interstate natural gas
transportation project, by its wholly-owned subsidiary Enable Gulf Run
Transmission, LLC. The Gulf Run Pipeline project is designed to connect
abundant U.S. natural gas supplies to growing liquefied natural gas
(“LNG”) export markets on the Gulf Coast. The project is backed by a
precedent agreement with a cornerstone shipper for a 20-year, 1.1
billion cubic feet per day of capacity firm transportation service.
“We are excited about this opportunity to diversify and expand Enable’s
transportation footprint to connect directly to U.S. Gulf Coast
markets,” said Enable Midstream President and CEO Rod Sailor. “This
project is another example of Enable leveraging its existing assets to
provide customers with creative and cost-effective market solutions.”
Subject to a final investment decision by the cornerstone shipper for
the LNG export facility to be served by this project and approval of the
project by the Federal Energy Regulatory Commission, up to an estimated
165 miles of large-diameter pipeline will be constructed from northern
Louisiana to Gulf Coast markets. In addition, the Gulf Run Pipeline
project will utilize existing Enable Gas Transmission, LLC (EGT)
transportation infrastructure to provide access to some of the most
prolific natural gas producing regions in the U.S., including the
Haynesville, Marcellus, Utica and Barnett shales as well as the
Mid-Continent region. The project is expected to be placed into service
in 2022.
A non-binding open season for the Gulf Run Pipeline project will
commence today and continue through Oct. 26, 2018, to gather additional
interest for firm transportation capacity. Prospective shippers and
other interested parties should visit http://www.gulfrunpipeline.com
for more information about the open season and the project.
About Enable Midstream Partners
Enable owns, operates and develops strategically located natural gas and
crude oil infrastructure assets. Enable’s assets include over 13,300
miles of natural gas and crude oil gathering pipelines, approximately
2.6 Bcf/d of processing capacity, approximately 7,800 miles of
interstate pipelines (including Southeast Supply Header, LLC of which
Enable owns 50 percent), approximately 2,200 miles of intrastate
pipelines and eight storage facilities comprising 86.0 billion cubic
feet of storage capacity. For more information, visit http://www.enablemidstream.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180924005315/en/
Copyright Business Wire 2018
Source: Business Wire
(September 24, 2018 - 6:00 AM EDT)
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