Kinder Morgan closes on Southcross Energy assets
Published by Aimee Knight,
Editorial Assistant
World Pipelines,
Kinder Morgan Tejas Pipeline, LLC (Tejas), a subsidiary of Kinder Morgan, Inc. has closed on its acquisition of certain natural gas pipeline assets owned by Southcross Energy. The total purchase price was approximately US$76 million and includes the Corpus Christi Pipeline Network and Bay City Lateral.
“We continue to focus on opportunities to increase our natural gas connectivity to meet LNG facilities, Gulf Coast power, industrial and petrochemical demand,” said Kinder Morgan Natural Gas Midstream President Sital Mody. “These assets are a nice complement to our existing Texas portfolio of assets and allow for further connectivity on our Texas Intrastate system.”
Read the article online at: https://www.worldpipelines.com/business-news/07112019/kinder-morgan-closes-on-southcross-energy-assets/
You might also like
The World Pipelines Podcast - Protecting high value assets with AMPP
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP's global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Tune in to the World Pipelines Podcast on your favourite podcast app today.