Enbridge, WhiteWater/I Squared Capital and MPLX to form a joint venture.

Enbridge, a multinational pipeline and energy company, WhiteWater, an infrastructure company, I Squared Capital, an infrastructure investor, and MPLX, a partnership that operates midstream energy infrastructure and logistics assets, agreed to form a joint venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and US Gulf Coast demand. Financial terms were not disclosed. "Acquiring a meaningful equity interest in an integrated Permian natural gas pipeline and storage network that is directly connected to our existing infrastructure at Agua Dulce through this JV with WhiteWater/I Squared and MPLX is very exciting. This is a great way to enhance our super-system approach, bringing energy supply to places where it is needed most and providing last mile connectivity to domestic and export customers," Cynthia Hansen, Enbridge EVP and President.