Kinder Morgan to acquire NextEra’s South Texas assets
US pipeline operator Kinder Morgan said November 6 it has agreed to acquire NextEra Energy Partner’s STX Midstream for $1.815bn.
The STX assets include pipelines connecting the Eagle Ford basin to demand markets along the US Gulf Coast and in Mexico, including a 90% interest in the NET Mexico pipeline. Collectively, the pipeline assets have the capacity to move about 4.9bn ft3/day of natural gas.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
The transaction requires clearance under Hart-Scott-Rodino and is expected to close in Q1 2024.