|
|
Article: Enbridge Increases Interest in Nautilus Natural Gas Transmission and Manta Ray Gathering Pipelines in Offshore Gulf of Mexico.
- Article from:
- Business Wire
- Article date:
- October 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, Alberta -- Enbridge Inc. (TSX:ENB) (NYSE:ENB) announced today that it has increased its interest in Neptune Pipeline Company, L.L.C. through the acquisition of Marathon Gas Transmission Inc., a wholly owned subsidiary of Marathon Oil Company. The subsidiary owns a 24.33% interest in Neptune, a holding company that owns the Nautilus gas transmission pipeline and the Manta Ray gathering pipeline system, both in the offshore Gulf of Mexico. The value of the transaction was not disclosed.
As a result of the acquisition of MGTI, Enbridge will hold a 74.33% interest in Neptune with Enterprise Products Partners continuing to hold the remainder.
...