Kinder Morgan closes on Southcross Energy assets

Published by David Rowlands, Editor
LNG Industry, Thursday, 07 November 2019 09:30

Kinder Morgan Tejas Pipeline, LLC (Tejas), a subsidiary of Kinder Morgan, Inc. (KMI), has announced that it has closed on its acquisition of certain natural gas pipeline assets owned by Southcross Energy.

According to the statement, the total purchase price was approximately US$76 million and includes the Corpus Christi Pipeline Network and Bay City Lateral.

Kinder Morgan Natural Gas Midstream President, Sital Mody, said: “We continue to focus on opportunities to increase our natural gas connectivity to meet LNG facilities, Gulf Coast power, industrial and petrochemical demand.

“These assets are a nice complement to our existing Texas portfolio of assets and allow for further connectivity on our Texas Intrastate system.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07112019/kinder-morgan-closes-on-southcross-energy-assets/

NextDecade announces senior loans for Rio Grande LNG Phase 1

Friday 22 September 2023 14:00

NextDecade Corporation’s subsidiary, Rio Grande LNG, LLC, has entered into a credit agreement for US$356 million of senior loans to finance a portion of the first three LNG trains at NextDecade’s Rio Grande LNG export facility in Texas.

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