Tallgrass completes Ruby Pipeline acquisition
Published by Sara Simper,
Editorial Assistant
World Pipelines,
Tallgrass has announced the successful completion of its acquisition of the Ruby Pipeline. The acquisition, which was previously announced in December, extends Tallgrass’ reach to west coast markets and adds 683 miles of modern 42 in. pipeline infrastructure capable of moving 1.5 billion ft3/d to the company’s extensive asset base.
We moved quickly to close the acquisition and we are eager to bring Ruby and our new teammates into the Tallgrass family,” said Zach Rider, Vice President Commercial and Corporate Development. “This is a strategic asset which brings immediate value to our portfolio.”
Ruby also enhances the value proposition that Tallgrass can offer to its existing and future customers by providing access to nearly every major demand centre across the US, as well as supply basin optionality. It also provides an expanded platform for Tallgrass’ continued efforts to offer innovative decarbonised energy solutions.
“Ruby enables cross-continental optionality and access for our existing customer base while providing Ruby’s customers a new partner with a strong track record of performance,” says Dustin Bashford, Segment President for Natural Gas.
Tallgrass was represented by Blank Rome LLP.
Read the article online at: https://www.worldpipelines.com/business-news/18012023/tallgrass-completes-ruby-pipeline-acquisition/
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