Enbridge buying Shell's interest in Gulf of Mexico natural gas pipelines

By OGJ editors

HOUSTON, Nov. 18 -- Enbridge Inc., Calgary, has agreed to buy Shell Gas Transmission LLC from Shell US Gas & Power LLC in a $613 million transaction that includes most of Shell's Gulf of Mexico natural gas pipeline business.

The sale, expected to close by yearend, is part of Shell's ongoing program to grow its upstream business and focus on core downstream activities.

Shell Gas Transmission owns or has an interest in 11 gulf pipelines in operation or under construction, with a combined landed capacity of 4.7 bcf/d. The business has assets across gulf production areas.

After the deal is completed, Shell's exploration and production business will retain contracted long-term access to the pipelines and will be an Enbridge customer. Shell will retain select gas gathering assets.

Related Articles

EQT, NextEra to build Marcellus-Utica gas pipeline

09/03/2014 EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., have formed a joint venture, Mountain Valley ...

Buckeye to buy Corpus Christi terminal interest in $860 million deal

09/02/2014 Buckeye Partners LP has agreed to acquire 80% interest in a company that it will jointly own with Trafigura AG for $860 million. The transaction is...

Dominion heads 1.5-bcfd Atlantic Coast gas pipeline joint venture

09/02/2014 Dominion, Duke Energy, Piedmont Natural Gas, and AGL Resources have formed a joint venture to build and own the proposed 1.5-bcfd Atlantic Coast Pi...

Pembina signs $650 million deal to buy Vantage line, associated assets

09/02/2014 Pembina Pipeline Corp., Calgary, has agreed to acquire the Vantage pipeline system and Mistral Midstream Inc.’s interest in the Saskatchewan ethane...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected