Permian Highway Pipeline announces final investment decision
Published by Sara Simper,
Editorial Assistant
World Pipelines,
Permian Highway Pipeline, LLC (PHP) has announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.
The project will increase PHP’s capacity by approximately 550 million ft3/d. The project will involve primarily additional compression on PHP to increase natural gas deliveries from the Waha area to multiple mainline connections, Katy, Texas, and various US Gulf Coast markets. Pending the timely receipt of required approvals, the target in-service date for the project is anticipated to be 1 November 2023.
“We are excited to have achieved FID on this very important expansion,” said Kinder Morgan Natural Gas Midstream President, Sital Mody. “The project will alleviate transportation constraints out of the Permian Basin so as to further support meeting our domestic and global energy needs.”
“This expansion couldn’t come at a more critical time, as it will foster future natural gas production growth in West Texas and provide several liquefaction facilities along the Texas Gulf Coast with more affordable, reliable supply,” said Jamie Welch, President and CEO of Kinetik. “In addition, approximately 30 of Kinetik’s customers will gain access to premium priced markets and transportation flow assurance, which is critical to minimising flared volumes.”
PHP is jointly owned by subsidiaries of Kinder Morgan, Inc., Kinetik Holdings Inc. and ExxonMobil, with an ownership interest of 26.7%, 53.3% and 20%, respectively.
Read the article online at: https://www.worldpipelines.com/business-news/30062022/permian-highway-pipeline-announces-final-investment-decision/
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