OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) today announced that an
affiliate of Golden Pass LNG is the cornerstone shipper for the
company’s Gulf Run Pipeline project. Golden Pass is a joint venture
between affiliates of Qatar Petroleum and ExxonMobil. Earlier today,
Golden Pass announced it had made a positive final investment decision
on a $10 billion infrastructure investment to add liquification and
export capabilities to its existing liquefied natural gas (LNG) facility
in Sabine Pass, Texas, which will be served by the Gulf Run Pipeline
project.
"We are excited to partner with a top-tier customer such as Golden
Pass," said Enable Midstream president and CEO Rod Sailor. "Qatar
Petroleum and ExxonMobil are proven global leaders in producing,
shipping and marketing natural gas worldwide, and we look forward to
providing Golden Pass unrivaled market access to diverse natural gas
supply sources."
“Our agreement with Enable is a key component in securing transportation
for our export facility’s natural gas supply,” said Sean Ryan, president
of Golden Pass LNG. “Golden Pass looks forward to a long-term
relationship with Enable as we progress with our LNG export facility.”
Following the final investment decision from Golden Pass and its 20-year
cornerstone shipper commitment of 1.1 billion cubic feet per day, Enable
plans to continue advancing the project to meet the anticipated late
2022 in-service date, including filing for the required Federal Energy
Regulatory Commission approval.
The Gulf Run Pipeline will provide access to some of the most prolific
natural gas producing regions in the U.S., including the Mid-Continent
region and the Haynesville, Marcellus and Utica shales. The proposed new
pipeline will run from northern Louisiana to the Gulf Coast, helping
deliver U.S. resources to international markets with increasing demand.
Prospective shippers and other interested parties should visit www.gulfrunpipeline.com
for more information.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and
crude oil infrastructure assets. Enable’s assets include over 13,500
miles of natural gas and crude oil gathering pipelines, approximately
2.6 Bcf/d of processing capacity, approximately 7,800 miles of
interstate pipelines (including Southeast Supply Header, LLC of which
Enable owns 50 percent), approximately 2,200 miles of intrastate
pipelines and eight storage facilities comprising 86.0 billion cubic
feet of storage capacity. For more information, visit www.enablemidstream.com.
FORWARD-LOOKING STATEMENTS
Some of the information in this press release may contain
forward-looking statements. Forward-looking statements give our current
expectations, contain projections of results of operations or of
financial condition, or forecasts of future events. Words such as
“could,” “will,” “should,” “may,” “assume,” “forecast,” “position,”
“predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,”
“anticipate,” “believe,” “project,” “budget,” “potential,” or
“continue,” and similar expressions are used to identify forward-looking
statements. Without limiting the generality of the foregoing,
forward-looking statements contained in this press release include our
expectations of plans, strategies, objectives, growth and anticipated
financial and operational performance, including revenue projections,
capital expenditures and tax position. Forward-looking statements can be
affected by assumptions used or by known or unknown risks or
uncertainties. Consequently, no forward-looking statements can be
guaranteed.
A forward-looking statement may include a statement of the assumptions
or bases underlying the forward-looking statement. We believe that we
have chosen these assumptions or bases in good faith and that they are
reasonable. However, when considering these forward-looking statements,
you should keep in mind the risk factors and other cautionary statements
in this press release, in our Annual Report on Form 10-K for the year
ended Dec. 31, 2017 ("Annual Report"), and in our Quarterly Report on
Form 10-Q for the quarterly period ended March 31, 2018 ("Quarterly
Report"). Those risk factors and other factors noted throughout this
press release, in our Annual Report and in our Quarterly Report could
cause our actual results to differ materially from those disclosed in
any forward-looking statement. You are cautioned not to place undue
reliance on any forward-looking statements.
Any forward-looking statements speak only as of the date on which such
statement is made and we undertake no obligation to correct or update
any forward-looking statement, whether as a result of new information or
otherwise, except as required by applicable law.
Media
David Klaassen
(405) 553-6431
Investor
Matt Beasley
(405) 558-4600