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-0.000161894500611311 -0.000441022949941068 -0.000784350942616829 -0.00225535787058479 -0.00225535787058479 0.000256798173383424 0.000535926622713181 0.00262938999268685
Stock impact report

Enbridge (ENB) Forms JV to Enhance Permian Basin Connectivity [Yahoo! Finance]

Enbridge Inc (ENB) 
Last enbridge inc earnings: 2/14 07:00 am Check Earnings Report
US:NYSE Investor Relations: enbridge.com/investment-center/dashboard
Company Research Source: Yahoo! Finance
The partnership aims to connect the prolific Permian Basin, a major oil-and-gas-producing area in western Texas and southeast New Mexico, with the high-demand markets of the U.S. Gulf Coast, particularly targeting the liquefied natural gas (LNG) export sector. Enbridge will hold a 19% stake in this JV, while WhiteWater and I Squared Capital will collectively control 50.6%, and MPLX LP will secure the rest. The collaboration is set to be finalized in the second quarter of 2024. The JV will embark on the development, construction, ownership and operation of natural gas pipeline and storage assets. These initiatives are strategically designed to facilitate the transfer of natural gas from the Permian Basin to meet the increasing demand for LNG and natural gas in the U.S. Gulf Coast region. Enbridge, known for its bullish outlook on natural gas and LNG, has identified these commodities as key components of the global transition to cleaner energy sources. The company's commitment to Show less Read more
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