07:38 AM EDT, 09/02/2025 (MT Newswires) -- Enbridge Inc. ( ENB ) announced Tuesday that it has reached a final investment decision on two "attractive" gas transmission projects.

The company in a statement said it signed commercial agreements for the Algonquin Reliable Affordable Resilient Enhancement project (AGT Enhancement) which is expected to increase deliveries on Algonquin Gas Transmission pipeline to existing Local Distribution Company (LDC) customers in the U.S. Northeast. In addition, through its Matterhorn joint venture, the company also reached a final investment decision on the Eiger Express Pipeline (Eiger), an up to 2.5 billion cubic feet per day (Bcf/d) pipeline from the Permian Basin to the Katy area to serve the growing U.S. Gulf Coast LNG market.

"We continue to deliver on the $23 billion of Gas Transmission opportunities we laid out at our Investor Day in March. Today's project announcements highlight the benefits of Enbridge's ( ENB ) scale and demonstrate our ability to support growing natural gas demand in the U.S. Northeast, and LNG exports from the U.S. Gulf Coast," said Cynthia Hansen, Executive Vice President and President, Gas Transmission. "These investments add visibility to, and extend, our growth outlook through the end of the decade."

Once completed, Enbridge ( ENB ) said AGT Enhancement will deliver approximately 75 Mmcf/d of incremental natural gas, under long-term contracts, to investment grade counterparties in the U.S. Northeast. It noted natural gas is a key component of the energy mix in the region. This project is designed to increase reliable supply and improve affordability by reducing winter price volatility for customers. Enbridge ( ENB ) expects to invest US$0.3 billion in system upgrades within, or adjacent to, existing rights-of-way. Subject to the timely receipt of the required government and regulatory approvals, Enbridge ( ENB ) fully expects to complete AGT Enhancement in 2029.

Enbridge ( ENB ) noted Eiger is designed to transport up to 2.5 Bcf/d of natural gas through approximately 450 miles of 42-inch pipeline from the Permian Basin in West Texas to the Katy area. Upon anticipated completion of Eiger in 2028, Enbridge ( ENB ) expects to own a "meaningful" equity interest in up to 10 Bcf/d of long-haul Permian Basin egress pipeline capacity that is connected to key storage facilities and LNG export hubs along the U.S. Gulf Coast. It added this project is complementary to the Whistler Parent JV assets and is backed by long-term contracts with predominantly investment grade counterparties.