Gibson Energy Inc. announced the extension of a long-term contract with E&P company at its Gateway Terminal and the sanction of a connection to the Cactus II Pipeline. The specific terms of the customer contract are confidential. The company has sanctioned a pipeline connection (the Connection) to the Cactus II Pipeline pursuant to an interconnection agreement with Cactus II Pipeline, LLC.

The Connection enhances the Gateway Terminal's connectivity and will provide customers with access to up to approximately 700,000 barrels per day of incremental supply. The company expects to deploy approximately $20 million in growth capital on the Connection, which was included in the 2024 capital budget.