Partners for Eiger Express Pipeline Reach Final Investment Decision
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WhiteWater, MPLX, ONEOK, and Enbridge, through their Matterhorn joint venture, have reached final investment decision to move forward with the construction of the Eiger Express Pipeline, having secured sufficient firm transportation agreements with primarily investment grade shippers.
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 West Texas to the Katy area.
Supply for the Eiger Express pipeline will be sourced from multiple connections in the Permian Basin, including gas processing facilities in the Midland Basin, and from the Delaware Basin via the Agua Blanca Pipeline, a joint venture between WhiteWater, Enbridge, and MPLX.
The Eiger Express Pipeline is a joint venture owned 70 percent by the Matterhorn JV, 15 percent by ONEOK, and 15 percent by MPLX. ONEOK’s and MPLX’s direct ownership interests in the Eiger Express Pipeline joint venture are incremental to their ownership through the Matterhorn JV, resulting in 25.5 percent and 22 percent ownership in the pipeline, respectively.
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.
The Matterhorn JV is owned by WhiteWater (65 percent), ONEOK (15 percent), MPLX (10 percent), and Enbridge (10 percent). The joint venture owns long-haul natural gas pipelines which transport natural gas from the Permian Basin to the Gulf Coast with direct connections to LNG export markets.
The Matterhorn JV owns the Matterhorn Express Pipeline and 70 percent of the Eiger Express Pipeline. WhiteWater’s stake in the Matterhorn JV is owned by FIC and I Squared Capital.
WhiteWater is an Austin, Texas based infrastructure company and operator of multiple gas transmission assets, including the Matterhorn Express Pipeline and the Eiger Express Pipeline. WhiteWater is partnered with multiple private equity funds, including but not limited to FIC and I Squared Capital.
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