TC Energy to sell 40% interest in Columbia Gas and Columbia Gulf pipelines for C$5.2 bln
July 24 (Reuters) - TC Energy said on Monday it has entered into an agreement to sell a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion).
Both the pipelines span more than 15,000 miles and deliver a substantial portion of daily U.S. natural gas demand, including about 20% of U.S. liquefied natural gas (LNG) export supply, according to TC Energy.
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.
Columbia Gas and Columbia Gulf will be held in a new joint venture partnership with fund manager Global Infrastructure Partners (GIP) and TC Energy will continue to operate the pipelines.