In big news for the energy infrastructure space, Targa Resources Corp. (TRGP) has announced significant new investments in its Permian Basin operations. The announcement includes a new natural gas liquids (NGL) pipeline and incremental natural gas infrastructure. See more: Midstream Prepares for More Permian Natural GasTarga Makes News With Major InvestmentFirst, Targa is building the new Speedway NGL Pipeline to move NGLs out of the basin. The new Speedway pipeline comes as the company also announced a new natural gas processing plant. These facilities process natural gas into usable form and separate NGLs from the natural gas stream.