Kinder Morgan Inc. (KMI) has finalized the $1.8 billion acquisition of NextEra Energy Partners LP’s South Texas Midstream LLC, securing natural gas pipeline and storage assets serving Mexico and the Gulf Coast. “These assets integrate well with our existing South Texas footprint and extend our direct connectivity in the lean area of the Eagle Ford…
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Kinder Morgan’s Dang Touts ‘Fantastic Tailwinds’ for Natural Gas Transport, Storage Business
Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…
Opal Fuels Sees Heavy-Duty Trucking Bulking RNG Demand
Renewable natural gas (RNG) producer and distributor Opal Fuels Inc. is advancing production projects as “more and more fleets switch over and demand continues to build for RNG as transportation fuel,” co-CEO Adam Comora said during the first quarter update. Opal, the second-largest U.S. RNG fuel station operator, according to company estimates, is building up…
NextEra Energy Plans to Sell Texas, Pennsylvania Pipeline Assets to Fuel Renewable Energy
NextEra Energy Inc. is accelerating its pivot to renewables with a plan to sell some of its major natural gas pipeline assets as soon as this year in an effort to become a 100% renewable energy company. NextEra CEO John Ketchum told investors during a call Monday that its decision to sell pipeline assets would…
Updated MVP Draft Forest Environmental Review Seen Arriving Ahead of Schedule
Earlier than expected, the U.S. Forest Service (USFS) has released a draft version of an updated environmental review needed for the Mountain Valley Pipeline’s (MVP) proposed 3.5-mile crossing of the Jefferson National Forest along the Virginia-West Virginia border. Notice of the availability of the draft supplemental environmental impact statement (EIS) was published in the Federal…
NextEra to Acquire $1.37B Stake in Atlantic Sunrise Pipeline
NextEra Energy Partners LP said Monday that it has agreed to acquire a significant ownership stake in the Atlantic Sunrise natural gas pipeline in a deal valued at $1.37 billion.
Challenge of Building Delayed MVP Makes Pipe ‘Even More Valuable,’ Says NextEra Exec
After an unfavorable federal court decision earlier this year, the Appalachia-to-Southeast Mountain Valley Pipeline (MVP) probably won’t meet its target in-service date in late 2019, but the regulatory setbacks and rising costs could serve to further demonstrate the project’s value.
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MVP Start-Up This Year ‘Unlikely,’ but Challenges Show Pipe’s Value, Says NextEra Exec
After an unfavorable federal court decision earlier this year, the Mountain Valley Pipeline (MVP) probably won’t meet its target in-service date in late 2019, but the regulatory setbacks and rising costs could serve to further demonstrate the project’s value.
NextEra, Howard JV on Natural Gas Infrastructure in South Texas to Expand Exports
Howard Energy Partners (HEP) and NextEra Energy Partners (NEP) on Wednesday said they plan to develop more natural gas transportation projects in the Eagle Ford Shale in South Texas with an eye on export markets, including Mexico.
Summit Gauging Support for More Permian Natural Gas Takeaway
A Summit Midstream Partners LP subsidiary has launched an open season through Sept. 14 to test support for the Double E Pipeline, which would transport Permian Basin natural gas from the Delaware sub-basin to markets south on the U.S. Gulf Coast and into Mexico.