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Kinder Morgan closes on Southcross Energy assets

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LNG Industry,

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.”

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