ArcLight Acquires an Incremental Interest in Natural Gas Pipeline Company of America LLC from Brookfield Infrastructure
06.16.2023 By TankTerminals.com News - NEWS

June 16, 2023 [CISION]- An affiliate of ArcLight Capital Partners, LLC (“ArcLight”) has acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC (“NGPL”) from Brookfield Infrastructure Partners L.P. As a result of this transaction, ArcLight’s ownership in NGPL increased to 37.5% while Brookfield Infrastructure retains a 25% interest. Kinder Morgan, Inc.  continues to operate the pipeline and holds a 37.5% interest in NGPL.

 

“Our investment in NGPL continues to be highly representative of ArcLight’s thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and security services to utilities, enables increasing electrification in the U.S. and supports the generational shift in supply-demand fundamentals driven by LNG export growth. In addition, we believe NGPL serves as a critical enabler to the future development of energy transition infrastructure. We are excited to further invest in our longstanding partnership with Kinder Morgan, a highly sophisticated operator with industry leading ESG credentials,” said Lucius Taylor, Partner at ArcLight.

NGPL is the largest transporter of natural gas into the high-demand Chicago-area market as well as one of the largest interstate pipeline systems in the country. It is also a major transporter of natural gas to large liquefied natural gas (“LNG”) export facilities and other markets located on the Texas and Louisiana Gulf Coast. NGPL has approximately 9,100 miles of pipeline, more than 1 million compression horsepower and 288 billion cubic feet (Bcf) of working natural gas storage. NGPL provides its customers access to all major natural gas supply basins directly and through its numerous interconnects with intrastate and interstate pipeline systems.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More