MPLX LP has secured financing for the almost fully committed Whistler natural gas pipeline to transport supplies from the Permian Basin’s Waha hub to the Agua Dulce market in South Texas.

On the second quarter earnings call held Monday, CEO Michael Hennigan said the lower capital spend related to the financing was already factored into the reduced 2020 growth capital target, and it remains on track to reduce projected 2020 capital spending by more than $700 million and operating expenses by about $200 million.

Whistler is expected to be completed in the second half of 2021, with more than 90% of the 2 Bcf/d capacity contracted with minimum volumes committed (MVC), the CEO said.

More quarterly earnings coverage by NGI may be found here.

MPLX also has teamed up with...