Enterprise Products Partners L.P. reported early last week thatits operating subsidiary has acquired ownership interests in fivenatural gas pipeline systems and related assets in the central Gulfof Mexico from El Paso Energy Partners, L.P. for $112 million incash. The El Paso unit was forced to sell the assets as part of theFederal Trade Commission’s approval of the El Paso Energy/CoastalCorp. merger, which was completed last Monday.
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Enterprise, Shell Grab Pipe Spinoffs
Enterprise Products Partners L.P. reported Monday that itsoperating subsidiary has acquired ownership interests in five naturalgas pipeline systems and related assets in the central Gulf of Mexicofrom El Paso Energy Partners, L.P. for $112 million in cash. The ElPaso unit was forced to sell the assets as part of the Federal TradeCommission’s approval of the El Paso Energy/Coastal Corp. merger,which was completed Monday as well (see Daily GPI, Jan. 30).
January 31, 2001
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