Traverse Pipeline reaches final investment decision to transport natural gas between Agua Dulce and the Katy area
WhiteWater announced that WhiteWater, MPLX LP, and Enbridge Inc., through the WPC joint venture, have partnered with an affiliate of Targa Resources Corp. and have reached the final investment decision to move forward with the construction of the Traverse Pipeline, having secured sufficient firm transportation agreements with investment grade shippers.
The bi-directional Traverse Pipeline is designed to transport up to 1.75 billion cubic feet per day (Bcf/d) of natural gas through approximately 160 miles of 36-inch pipeline along the Gulf Coast between Agua Dulce in South Texas and the Katy area. Supply for the Traverse Pipeline will be sourced from multiple connections, including, but not limited to, the Whistler, Blackcomb, and Matterhorn Express Pipelines. The Traverse Pipeline enhances optionality for shippers to access multiple premium markets.
The Traverse Pipeline will be wholly owned by the Blackcomb Pipeline joint venture, which is owned 70.0% by WPC, 17.5% by Targa, and 12.5% by MPLX, which is incremental to MPLX's ownership interest in WPC.
The Traverse Pipeline will be constructed and operated by WhiteWater and is expected to be in service in 2027, pending the receipt of customary regulatory and other approvals.
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