Oneok Inc. is waiting on the sanctioning of a proposed LNG export terminal on Mexico’s Pacific Coast before proceeding with the 2.8 Bcf/d Saguaro Connector pipeline out of the Permian Basin, management indicated Wednesday.

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CEO Pierce Norton and his team discussed the midstreamer’s North America plans during the Barclays CEO Energy-Power Conference in New York.

The 155-mile pipeline would supply Permian Basin natural gas to the Mexico border. From there, it would connect with a new pipeline in Mexico that would feed into Mexico Pacific Limited LLC’s (MPL) Saguaro Energía liquefaction terminal planned for Puerto Libertad, Sonora. MPL has yet to reach a final investment decision (FID) for the terminal.

As for the Oneok pipeline, CFO Walt Hulse said the firm expects to...