M6 Midstream has reached a final investment decision on its new natural gas-gathering and carbon-capture project, New Generation Gas Gathering (NG3), which will gather natural gas produced in the Haynesville Shale for re-delivery to premium Gulf Coast markets, including LNG export.
With the final investment decision, NG3 will have an initial capacity of 1.7 Bcf/d, expandable to 2.2 Bcf/d, and will also capture and permanently sequester up to 2 million tons per annum of carbon dioxide (CO2). The project is expected to commence operations in the second half of 2024.
In addition, M6 Midstream completed the acquisitions of Midcoast Energy’s East Texas business from an affiliate of ArcLight Capital Partners, and Align Midstream from Tailwater Capital to establish a leading presence in the Haynesville Shale.
“With significant long-term volume commitments from several leading Haynesville Shale producers, including Chesapeake Energy, we are pleased to reach a positi
