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/

EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects

Friday 19 April 2024 12:15

The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.

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