ONEOK, Inc. (OKE), WhiteWater, MPLX LP (MPLX) and Enbridge Inc. (ENB), through the existing Matterhorn joint venture - Matterhorn JV, announced a new natural gas pipeline to transport growing natural gas production from the Permian Basin to the Gulf Coast region. The approximately 450-mile, 42-inch Eiger Express Pipeline is designed to transport up to approximately 2.5 billion cubic feet per day of natural gas from the Permian Basin in West Texas to the Katy area near Houston, Texas.
The Eiger Express Pipeline joint venture is owned 70% by the Matterhorn JV, 15% by ONEOK and 15% by MPLX. ONEOK's total ownership interest in the pipeline is 25.5%. The Matterhorn JV is owned by WhiteWater, ONEOK, MPLX and Enbridge. WhiteWater will construct and operate the pipeline, which is expected to be completed in mid-2028.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.