Published: September 27, 2018 |

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Enable Midstream Partners, LP recently announced its intention to build a 165-mile interstate natural gas shipment project, namely the Gulf Run Pipeline. The partnership’s wholly-owned unit, Enable Gulf Run Transmission, LLC will develop the pipeline, which will bring in gas supplies to the flourishing export markets in the Gulf Coast.

Notably, the project has already received support from an unnamed shipper, with a 20-year agreement of 1.1 billion cubic feet per day of transportation capacity. The partnership has commenced a non-binding open season for the pipeline to garner additional shipping interests.  The open season will close on Oct 26.

The pipeline project will enhance and diversify the partnership’s transportation footprint by making use of its existing shipping infrastructures like Enable Gas Transmission. The large-diameter pipeline will run from northern Louisiana to the U.S. Gulf Coast. It will collect gas from the prolific Mid-Continent region and Barnett, Haynesville, Marcellus and Utica shale plays. The partnership expects the project to come online in 2022.

With domestic prices remaining constrained on the back of abundant supplies, there is a big opportunity in selling U.S. natural gas production at higher prices overseas. Currently, natural gas price in the country is hovering around $3 per one million British Thermal Unit (MMBtu). The situation has led to a surge in natural gas exports from the United States to the growing economies, especially in Asia. Pipelines like Enable Gulf Run Transmission are expected to facilitate the exports.

Source: Nasdaq.com

To stop by Enable’s website, CLICK HERE

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