TKT Midstream Partners, a newly-formed company, has received equity commitments from Kiewit Corp. and Tiger Infrastructure Partners to support a strategy to invest up to $500 million in midstream energy sector companies and assets.
TKT will design, build, own and operate midstream assets and networks on behalf of North American exploration and production companies. The joint venture will focus on delivering the customized infrastructure design, construction, ownership and operation needed to bring hydrocarbons to market.
Kiewit is one of North America’s largest construction, mining and engineering organizations while Tiger is the primary investment arm of Henry Tiger LLC, which focuses on acquiring infrastructure assets and businesses in North America and Europe, targeting equity investments in the power, natural-resource infrastructure, waste management, water, transportation and communications sectors.
aims to capture demand by E&P companies for infrastructure operators who have the resources and experience to provide certainty of timely execution for infrastructure buildouts, such as gathering systems, pipelines and processing plants, allowing them to focus on their core business of exploration and production.
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