EnLink Midstream Approves Major Capacity Increase at Louisiana Gas Storage Facility
(P&GJ) — EnLink Midstream has reached a final investment decision (FID) for its first brownfield natural gas expansion project in Louisiana.
The project involves expanding the Jefferson Island Storage & Hub (JISH) by approximately 8 billion cubic feet (Bcf), backed by long-term contracts with investment-grade credit customers.
The Stage 1 expansion, which leverages existing assets at JISH, is expected to cost approximately $85 million and will increase the facility’s working gas storage from 2 Bcf to 10 Bcf. The expansion is anticipated to begin service in 2028.
"EnLink delivered a solid quarter in line with our expectations, as our midstream assets and our diversified business continue to show resilience," Jesse Arenivas, EnLink president and CEO, said. "Our Louisiana team is executing on a multiprong growth strategy and moving projects toward commercialization, such as the 'Henry Hub to the River' project announced last quarter and the JISH expansion announced today, to supply the high-demand market for natural gas. EnLink's strength is in our diverse, integrated value chain, which we continue to leverage for new opportunities that optimize and grow our business."
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