Energy Transfer Announces Pipeline Project Connecting Permian Basin Production Supplies to Multiple Markets
2024年12月7日 - 3:30AM
ビジネスワイヤ（英語）
Will Provide Additional Natural Gas Capacity
to Serve Growing Market Needs
Energy Transfer LP (NYSE: ET) today announced that it has
reached a positive final investment decision (FID) for the
construction of an intrastate natural gas pipeline connecting
Permian Basin production to premier markets and trading hubs. The
new large-diameter pipeline, previously called the Warrior
Pipeline, is being renamed in honor of Hugh Brinson and will now be
known as the Hugh Brinson Pipeline. The pipeline will provide much
needed transportation capacity out of the Permian Basin to serve
growing natural gas demand.
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the full release here:
https://www.businesswire.com/news/home/20241206711495/en/
Hugh Brinson Pipeline (Graphic: Business
Wire)
The Hugh Brinson Pipeline is expected to be constructed in two
phases with the first phase including the construction of
approximately 400 miles of 42-inch pipeline with a capacity of 1.5
billion cubic feet per day (Bcf/d). It will extend from Waha to
Maypearl, Texas located south of the Dallas/Ft. Worth Metroplex,
where it will then connect to Energy Transfer’s vast pipeline and
storage infrastructure. Phase I is expected to be in service by the
end of 2026.
As part of Phase I, Energy Transfer will also construct the
Midland Lateral, which is expected to be a 42-mile, 36-inch lateral
to connect Energy Transfer and third-party processing plants in
Martin and Midland Counties to the Hugh Brinson Pipeline.
Phase II of the project would include the addition of
compression to increase the capacity of the new pipeline to
approximately 2.2 Bcf/d. Depending on shipper demand, Phase II
could be constructed concurrently with Phase I.
Combined costs of Phase I and Phase II are expected to be
approximately $2.7 billion. The project is backed by long-term,
fee-based commitments with strong investment grade
counterparties.
The Hugh Brinson Pipeline will connect shippers to Energy
Transfer’s existing intrastate natural gas pipeline network and
other downstream pipelines. In addition, it will provide shippers
with the optionality to access prolific markets and trading hubs
throughout Texas and beyond, including Carthage and Katy. This
project is also expected to further establish Energy Transfer as
the premier option to support power plant and data center growth in
the state of Texas.
Energy Transfer LP (NYSE: ET) owns and operates one of
the largest and most diversified portfolios of energy assets in the
United States, with more than 130,000 miles of pipeline and
associated energy infrastructure. Energy Transfer’s strategic
network spans 44 states with assets in all of the major U.S.
production basins. Energy Transfer is a publicly traded limited
partnership with core operations that include complementary natural
gas midstream, intrastate and interstate transportation and storage
assets; crude oil, natural gas liquids (“NGL”) and refined product
transportation and terminalling assets; and NGL fractionation.
Energy Transfer also owns Lake Charles LNG Company, as well as the
general partner interests, the incentive distribution rights and
approximately 21% of the outstanding common units of Sunoco LP
(NYSE: SUN), and the general partner interests and approximately
39% of the outstanding common units of USA Compression Partners, LP
(NYSE: USAC). For more information, visit the Energy Transfer LP
website at www.energytransfer.com.
Forward-Looking Statements
This news release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results, are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
The information contained in this press release is available on
our website at www.energytransfer.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241206711495/en/
Investor Relations: Bill Baerg Brent Ratliff Lyndsay Hannah
214-981-0795
Media Relations: Vicki Granado 214-840-5820
Energy Transfer (NYSE:ET)
過去 株価チャート
から 11 2024 まで 12 2024
Energy Transfer (NYSE:ET)
過去 株価チャート
から 12 2023 まで 12 2024
