Enterprise Products Partners LP said Wednesday it would ramp up its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas and other fossil fuels.

The Houston-based company, alongside strong second quarter 2022 earnings, announced several new growth projects management said are necessary to keep pace with robust global demand for oil and gas. Russia’s war in Ukraine – and Western sanctions against the Kremlin’s energy complex in response – further necessitate new investments, executives said Wednesday on the company’s earnings call.

“In this environment, we’re not having any trouble keeping our systems full,” said Enterprise co-CEO Jim Teague during the call with analysts. “Our Permian...