El Paso Corporation announced August 2 that the Ruby Pipeline Project has received FERC approval to proceed and begin construction.
Ruby, the first-ever carbon-neutral pipeline to be constructed and operated, involves 680 miles of 42-inch pipeline and four compressor stations. Ruby will transport natural gas from an existing supply hub at Opal, Wyoming, to interconnections near Malin, Oregon. It will have an initial design capacity of 1.5 billion cubic feet per day.
El Paso has entered into agreements with Global Infrastructure Partners (GIP), whereby GIP will invest up to $700 million in the Ruby project. Upon satisfaction of various closing conditions, GIP will acquire a 50 percent equity interest in the project.