Spectra sells Empress NGL
Published by Francesca Brindle,
Editorial Assistant
World Pipelines,
Spectra Energy Corp, one of North America's leading pipeline and midstream companies based in Houston, Texas, has announced that its indirect subsidiary, Westcoast Energy Inc., has completed the previously announced sale of its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, for a cash purchase price of approximately CAN$267 million (US$204 million), including approximately CAN$67 million (US$51 million) for inventory and working capital.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.worldpipelines.com/business-news/05082016/spectra-energy-sells-empress-ngl-to-plains-midstream-canada-3863/
You might also like
The World Pipelines Podcast - GERG and the future of Europe's gas pipelines
A conversation about the role of GERG in European gas pipeline innovation, research, and decarbonisation strategy. Featuring Alexandra Kostereva, Operations Manager at GERG (European Gas Research Group).
Tune in to the World Pipelines Podcast on your favourite podcast app today.
