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Article: American Midstream Partners Buys Natural Gas Assets From Enbridge Energy Partners NYSE: EEP.
- Article from:
- Energy Weekly News
- Article date:
- November 20, 2009
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American Midstream Partners announced that yesterday it completed the purchase of twelve natural gas pipelines and gathering and processing assets from Enbridge Energy Partners, LP (NYSE:EEP) in a transaction valued at approximately $151 million. The assets include two interstate gas pipelines and a substantial network of intrastate pipelines and gathering and processing systems located primarily in Louisiana, Mississippi, Alabama and Tennessee that serve industrial, commercial and local distribution companies.
"We believe that this is a unique opportunity to create a leading company delivering natural gas throughout the southeastern U.S.," said Brian Bierbach, ...