Matterhorn natural gas pipeline has started moving small amounts of gas from Permian Basin to the Gulf Coast, according to industry executives at a conference in New York City this week. “The Matterhorn is online and moving little bits of gas,” officials at Permian Resources told Reuters. The pipeline should be “moving a real amount of gas in the next few months, and we’re hoping to at least see Waha turn positive.”
Reuters said Thursday, “The Matterhorn is the biggest gas pipe under construction that is capable of moving gas that has been trapped in the Permian Basin, causing prices at the Waha hub in west Texas to turn negative a record number of times this year.”
Matterhorn, a 490-mile pipeline capable of moving up to 2.5 billion cubic feet per day of gas, was scheduled to enter service in 2024Q3. It is a joint venture of WhiteWater, EnLink Midstream, Devon Energy and MPLX.