EnLink partnership announces two new growth projects

|About: EnLink Midstream Partners, LP (ENLK)|By:, SA News Editor

EnLink Midstream Partners (NYSE:ENLK) and EnLink Midstream (NYSE:ENLC) announce plans to expand their natural gas gathering and processing system in the Permian Basin by constructing a new natural gas processing plant and expanding its rich gas gathering system.

EnLink expects the expansion project to cost at least $200M, increasing its total invested capital in the Permian to more than $400M.

The partnership also plans to create a joint venture with a Marathon Petroleum (NYSE:MPC) subsidiary to build a new 30-mile natural gas liquids pipeline connecting the existing Riverside fractionation and terminal complex to MPC’s Garyville refinery located on the Mississippi River.