As a part of the deal, Tallgrass will acquire Sempra’s share in the pipeline’s roughly $2.6 billion of debt, which equates to about $640 million.
Diversifying into the downstream makes sense from a strategic perspective, but the economics are lacking for most players to build a reﬁnery from scratch.
New pipeline capacity in the Appalachian Basin has started to erode the Northeast’s differentials with Henry Hub and billions more cubic feet of capacity is coming.
Rice and Gulfport team up to build Utica midstream assets in the dry gas core of the Utica, but Rice faces an estimated $424 million spending deficit in 2016.
The decision prompted immediate outcry from critics, who called on Canadian Prime Minister Justin Trudeau to block the twinning of the existing pipeline, which carries oil from Alberta to a port in Metro Vancouver.
Constitution said in a statement it has filed a lawsuit in the U.S. Court of Appeals fighting last month's ruling by the New York State Department of Environmental Conservation that denied the project a water permit in the state.
FERC’s approval authorizes UGI Sunbury to proceed with construction of the Sunbury Pipeline in the heart of the Marcellus Shale.
Long considered a front-runner in the race to build Canada's first LNG export project, the consortium behind Pacific NorthWest pledged last June to start construction as soon as it was approved by regulators, eyeing the end of 2015.