Aug 25 (Reuters) - WhiteWater and its partners have
reached a final investment decision to move ahead with the
construction of the Eiger Express Pipeline, the infrastructure
firm said on Monday.
The Eiger Express Pipeline is designed to transport up to
2.5 billion cubic feet per day (Bcfpd) of natural gas through
about 450 miles of 42-inch pipeline from the Permian Basin to
the Katy area in Texas.
WhiteWater and midstream companies MPLX LP ( MPLX ), ONEOK ( OKE )
and Enbridge ( ENB ), through their Matterhorn joint
venture, reached the decision after securing sufficient
transportation deals with primarily investment grade shippers.
Midstream companies typically reach a final investment
decision on projects once they have secured enough supply deals
to obtain the necessary financing for construction.
The pipeline will be constructed and operated by
WhiteWater and is expected to be in service in mid-2028.