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MX3 Gas Storage Expansion Project

Sector: Energy • Location: Oregon, United States

Source: Investing.com Australia

Project
Under Construction

The MX3 project is a transformational gas storage expansion by NW Natural, adding 4-5 billion cubic feet of FERC-regulated storage capacity. It aims to enhance earnings and address regional energy infrastructure needs. The project involves early engineering and design work, obtaining permits, and preparing to sign contracts for engineering, procurement, and construction. It has secured 25-year cap

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The project “MX3 Gas Storage Expansion Project” is an infrastructure initiative in the Energy sector, located in Oregon, United States. Taiyo aggregates data on it from Investing.com Australia.

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Participants

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under construction

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Description

Description

The MX3 project is a transformational gas storage expansion by NW Natural, adding 4-5 billion cubic feet of FERC-regulated storage capacity. It aims to enhance earnings and address regional energy infrastructure needs. The project involves early engineering and design work, obtaining permits, and preparing to sign contracts for engineering, procurement, and construction. It has secured 25-year capacity contracts with regional utilities and midstream providers, featuring a 12.5% return on equity and a 50% equity capital structure.

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Source

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