Boardwalk Pipeline Partners LP is boosting its footprint in Louisiana with the acquisition of natural gas pipeline assets from Varibus LLC.
The Houston-based midstreamer said last week its newly formed subsidiary Boardwalk Louisiana Gas Transmission LLC acquired the assets for an undisclosed sum earlier this month.
Details on the transaction were scarce, but Boardwalk said the subsidiary would transport interstate natural gas supplies to end-use customers in the industrial hub of Lake Charles, LA.
“With this acquisition, Boardwalk is bringing greater supply diversity and enhanced liquidity to the growing energy needs of end-use markets in southwest Louisiana,” said John Haynes, chief commercial officer of Boardwalk. He added that the company plans on “providing reliable service to end-users previously served by Varibus and new industrial markets.”
Management also said the Varibus assets would complement the company’s existing Gulf South Pipeline. The system transports natural gas from the Barnett, Eagle Ford and Haynesville shale plays as well as from Oklahoma, according to Boardwalk’s website. It serves markets including natural gas-fired power plants in five states, a number of local distribution companies, industrial end-users, and the Freeport liquefied natural gas export facility in Texas.
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