Loews Corp. buying pipeline from Entergy-Koch

By OGJ editors

HOUSTON, Nov. 24 -- TGT Pipeline LLC, a subsidiary of Loews Corp., New York, agreed to buy an 8,000-mile interstate natural gas pipeline system from Entergy-Koch LP for $1.136 billion.

The sale of the pipeline, Gulf South Pipeline Co. LP, is expected to close by yearend. Gulf South is a subsidiary of Entergy-Koch LP, a 50:50 venture of Entergy Corp., New Orleans, and Koch Energy Inc., Wichita, Kan.

Entergy-Koch was formed during the energy-trading boom in 2000, which ended after the financial collapse of Enron Corp. in 2001. Entergy-Koch announced plans earlier this year to sell its trading and pipeline businesses in two separate transactions.

TGT Pipeline is the holding company for Texas Gas Transmission LLC. Loews bought the 5,800-mile Texas Gas Transmission from Williams Cos. in April 2003.

Related Articles

Williams to buy Access Midstream Partners

06/16/2014 Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along wi...

Williams Partners to buy Canadian assets from Williams for $1.2 billion

02/27/2014 Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close F...

Virginia gas pipeline blast injures five

09/15/2008 A natural gas pipeline exploded in Appomattox County, Virginia, the morning of Sept. 14, leveling one home and injuring five people.

FERC issues draft EIS for Oregon LNG terminal, pipeline

09/03/2008 A proposed LNG project in Coos Bay, Ore., would have limited adverse environmental impacts, the US Federal Energy Regulatory Commission concluded i...

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