EnLink Midstream LLC plans a series of expansion and debottlenecking projects expected to add 70 MMcfd of natural gas processing to its Midland basin operations during 2020.
The company is also building its 200-MMcfd Tiger natural gas processing plant in Delaware basin, which remains on track to become operational second-half 2020. Upon completion of the Tiger plant and a 65-MMcfd expansion to its Riptide plant, expected fourth-quarter 2020, EnLink's Permian natural gas processing capacity will be about 1.1 bcfd. An earlier 65-MMcfd Riptide expansion was completed third-quarter 2019, bringing capacity to 165 MMcfd.
EnLink’s expects its pipeline delivering natural gas to Venture Global’s Calcasieu Pass, La., LNG plant to enter service early-2021.
The company reported a net fourth-quarter 2019 loss of $939 million, driven by a non-cash impairment of goodwill created as part of the company’s 2014 formation, and a full-year 2019 loss of $1.1 billion.