Pipeline News: Energy Transfer LP Unveils Hugh Brinson Pipeline Project
Energy Transfer LP has greenlit the Hugh Brinson Pipeline, a new natural gas conduit set to transport energy from the heart of the Permian Basin. Announced on December 6, 2024, this pipeline marks a pivotal expansion in the region's infrastructure, and another blow to the green new deal that continues to prove unreliable.
The pipeline, stretching approximately 400 miles from Waha to Maypearl, Texas, will initially boast a capacity of 1.5 billion cubic feet per day (Bcf/d). With an eye on future demand, Phase II of the project promises to increase this to 2.2 Bcf/d and will include compression. The construction will be in two phases, leveraging existing infrastructure to connect Permian Basin production to various markets efficiently.
This project, previously known as the Warrior Pipeline, has secured long-term, fee-based commitments from strong investment-grade counterparties, ensuring a stable financial foundation.
The Hugh Brinson Pipeline isn't just about moving gas; it's about enhancing energy security and economic growth. It's a move that could reshape the distribution landscape in Texas, providing a new artery for the natural gas reserves of the Permian Basin.
With this development, Energy Transfer LP continues to solidify its role as a major player in the energy transportation sector, promising to keep the energy flowing where it's needed most.
Read the full announcement on ET’s website here.
Thank you for all the information you find and needs to be disseminated among our industry leaders!
Good news. ET has been the largest holding in my little portfolio for some time - I like the dividend - currently 7.9% I think.