Bridgeline Gas Pipeline
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Bridgeline Gas Pipeline is a system of natural gas pipelines in Louisiana.[1]
Location
The Bridgeline Gas Pipeline system runs from Larose, LA, to numerous connection points in the state, including the Henry Natural Gas Hub in Erath, LA, and Johnsons Bayou, LA.
Project Details
- Operator: Bridgeline Holdings LP[2]
- Owner: Enlink Midstream[2]
- Current capacity: 920 Million cubic feet per day[3][4]
- Length: 985 miles / 1585 km[3][4]
- Status: Operating
- Start Year: 2000
Background
Bridgeline Holdings was created as a joint venture of Enron and Texaco in 2000 to run the Bridgeline Pipeline.[5] Bridgeline Pipeline's purpose was to combine pipeline and storage facilities in southern Louisiana.[6] In 2004, Targa Resources acquired 40% of Bridgeline Holdings as a result of the Enron bankruptcy sale.[7] In 2005, this 40% share was acquired by Chevron from Targa.[8] In September 2014, EnLink Midstream companies acquired Chevron's Gulf Coast natural gas pipeline assets including Bridgeline system for $235 million.[3][9]
Global Impact
The Bridgeline Pipeline's connection to the Henry Natural Gas Hub in Erath, LA, makes it a key part of U.S. liquefied natural gas (LNG) exporters' strategy to shift from regional to global markets for natural gas.[10] “The U.S. is going to be the price setter for the majority of the freely traded market,” said Peter Keavey, global head of energy at CME, in an August 17, 2017 article in the Wall Street Journal. “You’re exporting the Henry Hub benchmark to the rest of the world.”[10]
Articles and resources
References
- ↑ Bridgeline Gas Pipeline , A Barrel Full, accessed September 2017
- ↑ 2.0 2.1 "About Bridgeline Holdings, L.P." Bridgeline. Retrieved 22 August, 2023.
{{cite web}}: Check date values in:|access-date=(help)CS1 maint: url-status (link) - ↑ 3.0 3.1 3.2 "EnLink Midstream Signs Definitive Agreement to Acquire Gulf Coast Natural Gas Pipeline Systems". Business Wire. 29 September 2014. Retrieved 22 August, 2023.
{{cite news}}: Check date values in:|access-date=(help) - ↑ 4.0 4.1 "EnLink Midstream to acquire Gulf Coast natural gas pipeline assets". World Pipelines. 03 October, 2014. Retrieved 22 August, 2023.
{{cite web}}: Check date values in:|access-date=and|date=(help)CS1 maint: url-status (link) - ↑ COMPANY NEWS; TEXACO AND ENRON TO COMBINE SOME NATURAL GAS UNITS New York Times, Feb. 16, 2000.
- ↑ TARGA RESOURCES CLOSES ACQUISITION OF 40% INTEREST IN BRIDGELINE, LLC Targa Press Release, Dec. 16, 2004.
- ↑ (TRGP)FORM 424B1 | Prospectus filed pursuant to Rule 424(b)(1) SEC, Apr. 20, 2011.
- ↑ Chevron buys final stake in Louisiana pipeline L.A. Bix, Aug 5, 2005
- ↑ "EnLink Midstream to purchase Gulf Coast gas pipeline systems". Oil & Gas Journal. 29 September, 2014. Retrieved 22 August, 2023.
{{cite web}}: Check date values in:|access-date=and|date=(help)CS1 maint: url-status (link) - ↑ 10.0 10.1 Henry Hub Emerges as Global Natural Gas Benchmark Wall Street Journal, Aug. 17, 2017
