Energy Transfer to Build Costliest US Gas Pipe in a Decade (2)

Energy Transfer LP is moving forward with plans to build a $5.3 billion natural gas pipeline from the Permian Basin to markets in New Mexico and Arizona in what would be the biggest such US project in more than a decade.

The expansionof the company’s Transwestern Pipeline network that’s slated to begin operations in late 2029 will provide an outlet for Permian gas producers that have struggled with a dearth of shipping capacity.

The conduit is set to be the costliest since the $7.85 billion Mountain Valley Pipeline announced in 2014, said Oren Pilant, an analyst at East Daley ...