WhiteWater, MPLX LP, and Enbridge Inc., through their WPC joint venture, have partnered with an affiliate of Targa Resources Corp. to reach a final investment decision (FID) for the Traverse Pipeline. This decision greenlights the construction of the new natural gas pipeline.
The Traverse Pipeline is designed to transport natural gas between Agua Dulce and the Katy area, critical hubs in the U.S. energy market. The project has secured sufficient firm transportation agreements with investment grade shippers, ensuring demand for its capacity.
This FID represents a concrete step in expanding natural gas infrastructure, aligning with growing demand trends. It adds a new, contracted asset to Enbridge's Gas Transmission segment, contributing to its long-term earnings visibility.
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