ONEOK and partners launch Eiger Express project to link Permian to Gulf

A consortium led by ONEOK is developing a 450-mile pipeline to transport up to 2.5 billion cubic feet of gas per day from the Permian Basin to the Gulf Coast.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

ONEOK Inc., WhiteWater, MPLX LP and Enbridge Inc. have joined forces within the Matterhorn joint venture to develop a major new infrastructure linking the Permian Basin in Texas to the Gulf Coast. The project, named the Eiger Express Pipeline, aims to address the continuous growth of natural gas production in the region. Spanning approximately 450 miles with a diameter of 42 inches, the pipeline will be capable of transporting up to 2.5 billion cubic feet per day of natural gas.

An infrastructure to connect the Permian Basin to markets

The Eiger Express Pipeline will source natural gas from multiple processing facilities, including those operated by ONEOK and MPLX, as well as from various connection points located in the Midland and Delaware sub-basins. The mainline will head toward the Katy area near Houston while reserving part of its capacity for deliveries to Corpus Christi. This configuration is designed to strengthen supply to areas with high energy demand.

The consortium has agreed on a specific equity structure: Matterhorn holds 70% of the project, while ONEOK and MPLX each retain 15%. Taking into account its participation in Matterhorn, ONEOK holds a total ownership interest of 25.5% in the infrastructure. WhiteWater, already active in several gas projects in Texas, will be responsible for the construction and operation of the pipeline.

Long-term contracts to secure volumes

To ensure the financial viability of the project, the partners have committed to firm transportation agreements with a minimum duration of ten years. These contracts secure stable flow commitments and allow operators to obtain the necessary financing for construction. The schedule anticipates commissioning around 2028, subject to the receipt of customary regulatory approvals.

The initiative is part of a broader trend of strengthening natural gas infrastructure connecting domestic production zones to liquefied natural gas (LNG) export terminals. As electricity demand and international LNG requirements continue to rise, such projects highlight the strategic importance of links between the Permian Basin and the Texas coast.

Talen Energy launches $1.2bn debt financing and expands credit facilities to support strategic acquisitions of two combined-cycle natural gas power plants.
Driven by rising electricity demand and grid flexibility needs, natural gas power generation is expected to grow at an annual rate of 4.8% through 2030.
Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.
Tenaz Energy finalised the purchase of stakes in the GEMS project between Dutch and German waters, aiming to boost production to 7,000 boe/d by 2026.
Sembcorp Salalah Power & Water Company has obtained a new 10-year Power and Water Purchase Agreement from Nama Power and Water Procurement Company, ensuring operational continuity until 2037.
Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
GOIL is investing $50mn to expand its LPG storage capacity in response to sustained demand growth and to improve national supply security.
QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.
An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.
Polish authorities have 40 days to decide on the extradition of a Ukrainian accused of participating in the 2022 sabotage of the Nord Stream pipelines in the Baltic Sea.
The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
Baker Hughes has secured a contract from Bechtel to provide gas turbines and compressors for the second phase of Sempra Infrastructure’s LNG export project in Texas.
Targa Resources will build a 500,000 barrels-per-day pipeline in the Permian Basin to connect its assets to Mont Belvieu, strengthening its logistics network with commissioning scheduled for the third quarter of 2027.
Brazilian holding J&F Investimentos is in talks to acquire EDF’s Norte Fluminense thermal plant, valued up to BRL2bn ($374 million), as energy-related M&A activity surges across the country.
Chevron has appointed Bank of America to manage the sale of pipeline infrastructure in the Denver-Julesburg basin, targeting a valuation of over $2 billion, according to sources familiar with the matter.
Hungary has signed a ten-year agreement with Engie for the annual import of 400 mn m³ of liquefied natural gas starting in 2028, reinforcing its energy diversification strategy despite its ongoing reliance on Russian gas.
Wanted by Germany for his alleged role in the 2022 sabotage of the Nord Stream pipelines, a Ukrainian has been arrested in Poland and placed in provisional detention pending possible extradition.
An unprecedented overnight offensive targeted gas infrastructure in Ukraine, damaging several key facilities in the Kharkiv and Poltava regions, according to Ukrainian authorities.
The Dunkirk LNG terminal, the second largest in continental Europe, is seeing reduced capacity due to a nationwide strike disrupting all French LNG infrastructure.
Russia’s liquefied natural gas output will increase steadily through 2027 under the national energy development plan, despite a 6% drop recorded in the first eight months of 2024.