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DALLAS, Oct. 12, 2022 /PRNewswire/ — EnLink Midstream, LLC (NYSE:ENLC) (EnLink) announced today that it has entered into a transportation service agreement (TSA) with a subsidiary of ExxonMobil Corporation (NYSE:XOM) (ExxonMobil). Under the terms of the TSA, EnLink will utilize portions of its existing pipeline network, as well as new facilities, to deliver carbon dioxide (CO2) from the Mississippi River corridor in southeastern Louisiana to ExxonMobil’s 125,000-acre CO2 storage location under development in Vermilion Parish.
The TSA includes industry-standard terms and conditions for the provision of transportation services. Ultimate available reserved capacity under the agreement is up to 10 million metric tonnes per year, with initial reserved capacity of 3.2 million metric tonnes per year, beginning early 2025.
“EnLink is executing on our first-mover advantage to become the CO2 transportation provider of choice in Louisiana,” EnLink Chief Executive…
Full story available on Benzinga.com
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