Tallgrass Energy Partners acquires Tallgrass Terminals and Tallgrass NatGas Operator
Published by Joseph Green,
Editor
LNG Industry,
Tallgrass Energy Partners, LP has acquired Tallgrass Terminals, LLC and Tallgrass NatGas Operator, LLC from a wholly-owned subsidiary of Tallgrass Development, LP pursuant to a Purchase and Sale Agreement effective 1 January 2017.
The drop-down was negotiated on behalf of the Partnership by the Conflicts Committee of the Board of Directors of the general partner of the Partnership and the cash consideration for the transaction was US$140 million.
Baker Botts represented Tallgrass Development, LP in the transaction.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06012017/tallgrass-energy-partners-acquires-tallgrass-terminals-and-tallgrass-natgas-operator/
You might also like
New Fortress Energy signs long-term gas supply agreement with Puerto Rican government
New Fortress Energy Inc. has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of LNG to Puerto Rico.