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    Kinder Morgan to acquire NextEra’s South Texas assets


STX Midstream serves Gulf Coast, Mexican markets.

by: Dale Lunan

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Complimentary, Natural Gas & LNG News, Americas, Corporate, Mergers & Acquisitions, Infrastructure, Pipelines, News By Country, United States

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.


S&P 2023

The transaction requires clearance under Hart-Scott-Rodino and is expected to close in Q1 2024.