Ownership interest update of ET Rover Pipeline LLC

Published by Stephanie Roker, Editor
World Pipelines, Wednesday, 01 November 2017 10:15

On 31 October, Energy Transfer Partners, L.P. announced that its wholly owned subsidiaries – Energy Transfer Interstate Holdings, LLC (ETIH) and ET Rover Pipeline LLC (HoldCo) – have closed the previously announced sale of a 49.9% interest in HoldCo.

HoldCo owns a 65% interest in Rover Pipeline LLC. As a result of this closing, HoldCo is now owned 50.1% by Energy Transfer and 49.9% by Blackstone Energy Partners.

Phase 1A of the Rover pipeline now transports more than 1 billion ft³/d of natural gas from Cadiz (Ohio) to Defiance (Ohio). Upon full completion, the Rover Pipeline will be an approximately 713 mile pipeline designed to transport 3.25 billion ft³/d of natural gas from the Marcellus and Utica Shale production areas to markets across the US, as well as into Union Gas Dawn Hub in Ontario (Canada).

Read the article online at: https://www.worldpipelines.com/business-news/01112017/ownership-interest-update-of-et-rover-pipeline-llc/

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