FOOTHILLS ACQUIRES UNITED'S 22% ANGTS STAKE

Foothills Pipe Lines Ltd., Calgary, has acquired a 22% interest in the Alaskan portion of the proposed $14.6 billion, 2.3 bcfd Alaska Natural Gas Transportation System (Angts) for an undisclosed sum. Foothills acquired all shares of United Alaska Fuels Corp., a unit of United Gas Pipe Line Co. and Angts partner since 1978. Current sponsors of the long shelved project say the acquisition is a significant step forward and should help expedite the proposal.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies