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Terminal News

Kinder Morgan acquires natural gas pipeline

Kinder Morgan acquires natural gas pipeline
Kinder Morgan Tejas Pipeline has acquired natural gas pipeline assets owned by Southcross Energy.

The purchase price was $76 million and includes the Corpus Christi Pipeline Network and Bay City Lateral.

Kinder Morgan Natural Gas Midstream president Sital Mody says: '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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