The decision came after the firms secured sufficient firm transportation agreements with shippers, according to the announcement
The pipeline was designed to transport up to 2.5 billion cubic feet per day of natural gas to the Katy area near Houston, Texas from Waha, Texas.
Supply will come from multiple upstream connections in the Permian Basin and a direct connection to the Agua Blanca pipeline, a joint venture between infrastructure company WhiteWater and fuels distributor MPLX.
Matterhorn is targeted to be in service in Q3 2024, pending customary regulatory and other approvals.