In September 2018, Kinder Morgan made a positive final investment decision to build Permian Highway Pipeline, which is being designed to boost takeaway capacity from the Permian Basin to the US Gulf Coast.
Permian Highway Pipeline will transport gas through 430 miles of 42-inch diameter pipeline from the Waha, Texas, area to the Gulf Coast and Mexico markets. Shippers include EagleClaw Midstream Ventures, Apache and ExxonMobil’s XTO Energy.
Kinder Morgan, which moves more than a third of the gas consumed in the US, is building and will operate the pipeline. It, EagleClaw Midstream and Altus Midstream each hold an ownership interest in the project of approximately 26.6%, and an affiliate of an anchor shipper has a 20% interest.
