DALLAS–(BUSINESS WIRE)–Aspen Midstream, LLC (Aspen) today announced it has reached a final investment decision (FID) on its Aspen Katy Hub header facility. This strategic midstream infrastructure project will provide bi-directional natural gas connectivity in the Katy, Texas region by linking growing domestic supply to rapidly expanding LNG, power, and industrial markets along the Gulf Coast.
The project, which is backed by long-term, take or pay contracts with investment grade shippers, will include the installation of new compression and feature both low- and high-pressure header systems. Upon completion in the first quarter of 2027, the facility will provide approximately 3 billion cubic feet per day (Bcf/d) of total receipt and delivery capacity with eight major natural gas pipelines.
“The Aspen Katy Hub is strategically positioned at a critical intersection between some of the nation’s most prolific natural gas supply basins and rapidly growing Gulf Coast demand centers,” said Matt Ray, Co-Chief Executive Officer of Aspen Midstream. ”This investment reflects our disciplined approach to deploying capital behind long-term, contracted infrastructure that enhances market connectivity and delivers reliable energy where it’s needed most.”
About Aspen Midstream
Headquartered in Dallas, Aspen Midstream is an independent energy company launched in 2017 to fill strategic voids in the midstream sector. Aspen Midstream creates value for producers by offering a full-service portfolio of midstream solutions. Capabilities include natural gas gathering, processing, compression, treating and transmission; NGL transmission; condensate stabilization; crude oil gathering and terminaling. Aspen is backed by EnCap Flatrock Midstream. Visit www.aspenmidstream.com for more information.
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