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EIG commits $500m to proposed U.S. gas pipeline

by Andrea Waitrovich

Cheniere Energy has secured $500 million in funding from EIG to develop the proposed Midship project, a pipeline connecting the Anadarko basin to Gulf Coast markets.

The commitment is expected to help cover the cost of building out the full project design of 1.4 million dekatherms per day of throughput capacity. Cheniere will also contribute its own funding to the project.

The Midship Project is being developed to create pipeline capacity of up to 1.44 million dekatherms per day of firm transportation to connect production from the emerging STACK and SCOOP resource plays in the Anadarko Basin in Oklahoma to growing Gulf Coast and Southeast markets. The Midship Project is expected to consist of approximately 200 miles of 36 inch diameter new mainline pipeline, several laterals, compressor stations and interconnects that will provide receipts from STACK and SCOOP processing plants and provide deliveries to Bennington, Okla., as well as access to downstream markets including the TexOk hub near Atlanta, Texas, and the Perryville Hub near Tallulah, La.

Midship has secured commitments from subsidiaries and/or affiliates of Cheniere, Devon Energy Corporation, Marathon Oil Corporation, and Gulfport Energy Corporation to support initial construction of approximately 1 milliondekatherms per day of capacity.

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