Permian Highway Pipeline Expansion Gets Investment Green Light

July 1, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Permian Highway Pipeline LLC (PHP) has announced a final investment decision (FID) to proceed with its expansion project.

PHP, which is jointly owned by subsidiaries of Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas), Kinetik Holdings Incorporated (NASDAQ:KNTK) (Houston) and Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas), said the expansion project got the go-ahead after securing binding firm transportation agreements for all available capacity.