The Matterhorn joint venture has boosted the already dominant US gas and oil sector by announcing the expansion of the Eiger Express Pipeline that will move gas from the Permian Basin to processing facilities in Texas. The United States has become the top gas producer by capacity in the world, and for good reason. The US gas market is seeing several new developments, particularly in the Permian Basin and surrounding areas. The expansion of the Eiger Express Pipeline exemplifies the confidence of the US gas market to continue to dominate the global market.
The Matterhorn joint venture is bolstering the US gas sector’s output
The Matterhorn joint venture, a partnership between Enbridge, WhiteWater, MPLX LP, and ONEOK Inc., recently announced the plan to expand the Eiger Express Pipeline. For Enbridge in particular, the project builds on its already substantial presence in the Permian Basin. Enbridge is a global company that has operations across the North American energy biosphere, with the company’s headquarters in Canada.
Through the cooperation of all the partners in the Matterhorn joint venture, a new development is making the rounds that is set to bolster the US gas production market. The joint venture recently announced the plan to expand the existing Eiger Express Pipeline to handle significantly more gas, bringing the capacity to 3.7 billion cubic feet per day.
After only 18 months in the West Texas gas sector, Enbridge is set to boost its gas portfolio
Enbridge has noted the rapid expansion of its assets in Texas, with several new pipelines being planned over the coming years on top of the Eiger Express Pipeline. The partnership with WhiteWater enables the company to make use of existing pipelines that will connect to the expanded Eiger Express Pipeline. Enbridge’s leadership has praised the cooperation between the relevant members of the Matterhorn joint venture.
“We’re really pleased with how our investment in and our joint venture with WhiteWater has gone. There has been, obviously, some upside since the original joint venture.” – Cynthia Hansen Enbridge Executive Vice President and President, Gas Transmission and Storage
The Eiger Express Pipeline will increase gas production capacity across the US sector
The United States has come a long way in a very short time indeed. With the current administration committing to increasing investments in the conventional oil and gas sector, the Eiger Express Pipeline aligns perfectly with the government’s ambitions. The pipeline will follow the already established Matterhorn right of way, and all expectations are for the project to be completed by 2028 at the very latest.
With the project entering the construction phase this year, the Eiger Express Pipeline will become a cornerstone of the Permian Basin, delivering vast amounts of natural gas to processing facilities around Texas. With several new pipelines being planned in the region, the US is set to continue its domination of the international gas market well into the new year and beyond.
“What we’ve loved about those assets is, they do tie to our existing footprint, the header system that we have with TETCO (Texas Eastern Transmission) and of course, Tres Palacios storage . . . We would look at all opportunities to expand to meet those volumes—and continue to see a lot of opportunities on a go-forward basis.” – Cynthia Hansen Enbridge Executive Vice President and President, Gas Transmission and Storage
The global surge in pipelines for the gas market has become evident in recent times
The inevitable transition away from the traditional oil and gas sector towards the renewable energy market has been gaining traction over the past year; however, despite the clear indication that market sentiments are changing, the evidence suggests that a wave of new pipelines for the gas sector is set to hit the market in the new year. Thankfully, the need to balance the old with the new will lead to astonishing cooperation between nations to meet the increased demand for energy.
