NextEra Energy Partners, LP (NYSE: NEP) has officially closed a major deal in the energy sector, selling its Texas natural gas pipeline portfolio to Kinder Morgan, Inc. (NYSE: KMI) for a staggering $1.815 billion. This transaction marks a pivotal moment in NextEra Energy Partners’ business strategy. John Ketchum, chairman and chief executive officer of NextEra […]
In a significant expansion of its natural gas pipeline network, Kinder Morgan, Inc. (NYSE: KMI) has agreed to acquire NextEra Energy Partner’s South Texas assets, known as STX Midstream, for a total of $1.815 billion. This strategic move highlights Kinder Morgan’s commitment to enhancing market access and connecting key energy demand areas in Mexico and […]
Houston-based energy infrastructure company Kinder Morgan has announced plans to expand the working gas storage capacity at its Markham gas storage facility in Matagorda County, located along the Texas Gulf Coast. Kinder Morgan has entered into an agreement with Underground Services Markham, LLC, a subsidiary of Texas Brine Company LLC, to lease an additional cavern […]
Energy infrastructure giant Kinder Morgan (KMI) has agreed to acquire renewable natural gas developer Kinetrex Energy from an affiliate of Parallel49 Equity for $310 million. Based in Indianapolis, Kinetrex Energy supplies liquefied natural gas (LNG) in the US Midwest. Under long-term contracts to transportation service providers, the company also produces and supplies renewable natural gas […]
Kinder Morgan (KMI) and Brookfield Infrastructure Partners have jointly signed a deal worth $830 million to divest a stake of 25% in the NGPL pipeline system in the US to a fund controlled by ArcLight Capital Partners. The deal values 100% of the natural gas pipeline system at approximately $5.2 billion. NGPL, which is owned […]
Kinder Morgan and EagleClaw Midstream Ventures have reached a final investment decision to move ahead with the near $2 billion Permian Highway Pipeline Project, a 430-mile long natural gas pipeline that will bring natural gas from the Permian Basin to the emerging market areas along the Texas Gulf Coast. Through its subsidiary Kinder Morgan Texas […]