U.S. Markets close in 5 hrs 21 mins

Enable Midstream Announces Golden Pass as Cornerstone Shipper for Gulf Run Pipeline Project

OKLAHOMA CITY--(BUSINESS WIRE)--

Enable Midstream Partners, LP (ENBL) today announced that an affiliate of Golden Pass LNG is the cornerstone shipper for the company’s Gulf Run Pipeline project. Golden Pass is a joint venture between affiliates of Qatar Petroleum and ExxonMobil. Earlier today, Golden Pass announced it had made a positive final investment decision on a $10 billion infrastructure investment to add liquification and export capabilities to its existing liquefied natural gas (LNG) facility in Sabine Pass, Texas, which will be served by the Gulf Run Pipeline project.

"We are excited to partner with a top-tier customer such as Golden Pass," said Enable Midstream president and CEO Rod Sailor. "Qatar Petroleum and ExxonMobil are proven global leaders in producing, shipping and marketing natural gas worldwide, and we look forward to providing Golden Pass unrivaled market access to diverse natural gas supply sources."

“Our agreement with Enable is a key component in securing transportation for our export facility’s natural gas supply,” said Sean Ryan, president of Golden Pass LNG. “Golden Pass looks forward to a long-term relationship with Enable as we progress with our LNG export facility.”

Following the final investment decision from Golden Pass and its 20-year cornerstone shipper commitment of 1.1 billion cubic feet per day, Enable plans to continue advancing the project to meet the anticipated late 2022 in-service date, including filing for the required Federal Energy Regulatory Commission approval.

The Gulf Run Pipeline will provide access to some of the most prolific natural gas producing regions in the U.S., including the Mid-Continent region and the Haynesville, Marcellus and Utica shales. The proposed new pipeline will run from northern Louisiana to the Gulf Coast, helping deliver U.S. resources to international markets with increasing demand. Prospective shippers and other interested parties should visit www.gulfrunpipeline.com for more information.

ABOUT ENABLE MIDSTREAM PARTNERS

Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include over 13,500 miles of natural gas and crude oil gathering pipelines, approximately 2.6 Bcf/d of processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50 percent), approximately 2,200 miles of intrastate pipelines and eight storage facilities comprising 86.0 billion cubic feet of storage capacity. For more information, visit www.enablemidstream.com.

FORWARD-LOOKING STATEMENTS

Some of the information in this press release may contain forward-looking statements. Forward-looking statements give our current expectations, contain projections of results of operations or of financial condition, or forecasts of future events. Words such as “could,” “will,” “should,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release include our expectations of plans, strategies, objectives, growth and anticipated financial and operational performance, including revenue projections, capital expenditures and tax position. Forward-looking statements can be affected by assumptions used or by known or unknown risks or uncertainties. Consequently, no forward-looking statements can be guaranteed.

A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable. However, when considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in this press release, in our Annual Report on Form 10-K for the year ended Dec. 31, 2017 ("Annual Report"), and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2018 ("Quarterly Report"). Those risk factors and other factors noted throughout this press release, in our Annual Report and in our Quarterly Report could cause our actual results to differ materially from those disclosed in any forward-looking statement. You are cautioned not to place undue reliance on any forward-looking statements.

Any forward-looking statements speak only as of the date on which such statement is made and we undertake no obligation to correct or update any forward-looking statement, whether as a result of new information or otherwise, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190205005773/en/