• Natural Gas News

    TC Energy to sell 40% interest in Columbia Gas and Columbia Gulf pipelines for C$5.2 bln

Summary

TC Energy said on Monday it has entered into an agreement to sell a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion).

by: Reuters

Posted in:

Complimentary, NGW News Alert, Natural Gas & LNG News, Americas, Corporate, Mergers & Acquisitions, Infrastructure, , News By Country, United States

TC Energy to sell 40% interest in Columbia Gas and Columbia Gulf pipelines for C$5.2 bln

July 24 (Reuters) - TC Energy said on Monday it has entered into an agreement to sell a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines for C$5.2 billion ($3.95 billion).

Both the pipelines span more than 15,000 miles and deliver a substantial portion of daily U.S. natural gas demand, including about 20% of U.S. liquefied natural gas (LNG) export supply, according to TC Energy.

Advertisement:

The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.

ngc.co.tt

S&P 2023

Columbia Gas and Columbia Gulf will be held in a new joint venture partnership with fund manager Global Infrastructure Partners (GIP) and TC Energy will continue to operate the pipelines.