Midstream & Transport Monitor - July 15, 2016

Southern Co., the largest customer of Kinder Morgan Inc.’s (KMI) Southern Natural Gas (SNG) pipeline is buying a 50% stake in the line for $1.47 billion cash, the companies said July 10. The joint venture (JV) puts the value of the SNG line at about $4.15 billion. SNG is a 7,600-mile natural gas pipeline system that serves multiple states and will help Southern continue to supply hydrocarbons to gas-powered power generation in the southeast.