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ARM Energy invests $2.3 billion on Mustang Express pipeline in Texas

ARM Energy Holdings announced on Thursday that it and its partner Pacific Investment Management Company have reached a final decision regarding their $2.3 billion Mustang Express Pipeline Project in Texas.

ARM, a marketing company for energy, stated that the project is benefited by a long-term contract with Sempra to ship natural gas for Port Arthur LNG Phase 2 Project, which has recently reached its final investment decision.

Sempra announced earlier this month that it would sell a stake of 45% in its infrastructure division for $10 billion and approved a $14 billion expansion to the Port Arthur LNG Project in Texas.

According to the Energy Information Administration, the U.S. will be the top LNG exporter in the world this year with a total capacity of 115 million MTPA.

Donald Trump returned to office as President in January, promising to unleash U.S. Energy. The industry enjoyed a strong global demand. He reversed the freeze on new export licenses.

The pipelines will be built and operated by ARM and will have a capacity of 2,5 billion cubic feet (bcf/d). They are expected to be finished in late 2028, or early 2029.

The pipeline is divided into three segments: Mustang Mainline (also known as the Golden Triangle), Cougar Lateral, and Golden Triangle where the mainline connects Katy Hub with Port Arthur. (Reporting and editing by Leroy Leo in Bengaluru, Katha Kalia is based in Bengaluru)

(source: Reuters)