Whistler Pipeline Announces a New Joint Venture Pipeline With Cheniere
September 19 2022 - 08:30AM
Business Wire
WhiteWater Midstream, LLC (“WhiteWater”) today announced that
subsidiaries of Whistler Pipeline, LLC and Cheniere Energy, Inc.
(NYSE American: LNG) (“Cheniere”) have executed agreements to move
forward with the construction of the ADCC Pipeline, which is a new
joint venture 42-inch pipeline that is expected to extend
approximately 43 miles from the terminus of the Whistler Pipeline
to Cheniere’s Corpus Christi Liquefaction Facility.
The ADCC Pipeline has been designed to transport up to 1.7
billion cubic feet per day (Bcf/d) of natural gas, expandable to
2.5 Bcf/d of natural gas, and is expected to be in service in 2024,
pending the receipt of customary regulatory and other
approvals.
The Whistler Pipeline is owned by a consortium including MPLX LP
(NYSE: MPLX), WhiteWater, and a joint venture between Stonepeak and
West Texas Gas, Inc.
About the Whistler Pipeline
The Whistler pipeline is an approximately 450-mile, 42-inch
intrastate pipeline that transports natural gas from the Waha
Header in the Permian Basin to Agua Dulce, Texas, providing direct
access to South Texas and export markets. An approximately 85-mile
36-inch lateral provides connectivity to the Midland Basin.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that
owns and operates midstream energy infrastructure and logistics
assets and provides fuels distribution services. MPLX's assets
include a network of crude oil and refined product pipelines; an
inland marine business; light-product terminals; storage caverns;
refinery tanks, docks, loading racks, and associated piping; and
crude and light-product marine terminals. MPLX also owns crude oil
and natural gas gathering systems and pipelines as well as natural
gas and NGL processing and fractionation facilities in key U.S.
supply basins. More information is available at www.MPLX.com
About WhiteWater
WhiteWater is an Austin, Texas based infrastructure company.
WhiteWater is partnered with multiple private equity funds
including but not limited to Ridgemont Equity Partners and First
Infrastructure Capital. For more information about WhiteWater,
visit www.wwdev.com.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market
buyout and growth equity investor. Since 1993, the principals of
Ridgemont have invested over $6 billion. The firm focuses on equity
investments up to $500 million and utilizes a proven,
industry-focused investment approach and repeatable value creation
strategies. For more information about Ridgemont, visit
www.ridgemontep.com.
About First Infrastructure Capital
First Infrastructure Capital Advisors, LLC is a Houston-based
investment firm specializing in greenfield projects and companies
operating in the midstream, downstream, electric power,
telecommunications, and renewable energy industries. First
Infrastructure Capital Advisors, LLC is an SEC-registered
investment adviser, which manages various investment vehicles
including First Infrastructure Capital, L.P. For more information
about First Infrastructure Capital, visit
www.firstinfracap.com.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing
in infrastructure and real assets with approximately $49.3 billion
of assets under management. Through its investment in defensive,
hard-asset businesses globally, Stonepeak aims to create value for
its investors and portfolio companies, and to have a positive
impact on the communities in which it operates. Stonepeak sponsors
investment vehicles focused on private equity and credit. The firm
provides capital, operational support, and committed partnership to
sustainably grow investments in its target sectors, which include
communications, energy transition, transport and logistics, and
social infrastructure. Stonepeak is headquartered in New York with
offices in Austin, Hong Kong, Houston, London and Sydney. For more
information, please visit www.stonepeak.com.
Some of the above statements constitute forward-looking
statements. Forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties and other
factors, some of which are beyond the control of the companies
named herein and are difficult to predict. Factors that could
impact the opportunities described above include but are not
limited to general domestic and international economic and
political conditions and the factors described in MPLX’s filings
with the Securities and Exchange Commission (SEC). Any
forward-looking statement speaks only as of the date of the
applicable communication and the companies named herein undertake
no obligation to update any forward-looking statement except to the
extent required by applicable law. Copies of MPLX's Annual Report
on Form 10-K, Quarterly Reports on Form 10-Q and other SEC filings
are available on the SEC's website, MPLX's website at
http://ir.mplx.com or by contacting MPLX's Investor Relations
office.
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version on businesswire.com: https://www.businesswire.com/news/home/20220919005241/en/
MPLX LP Investor Relations: (419) 421-2071 - Kristina Kazarian,
Vice President - Isaac Feeney, Supervisor
MPLX LP Media Contact: (419) 421-3312 - Jamal Kheiry,
Communications Manager
WhiteWater Investor Relations: www.wwdev.com
Stonepeak: Kate Beers (646) 540-5225
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