trending Market Intelligence /marketintelligence/en/news-insights/trending/Bqi-8ZPH2VU_ssTmbCYAMw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Enbridge wraps C$4.31B sale of Canadian gas gathering, processing assets

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021

Blog

Essential Energy Insights - January 2021


Enbridge wraps C$4.31B sale of Canadian gas gathering, processing assets

Enbridge Inc. completed the sale of the federally regulated portion its natural gas gathering and processing business in British Columbia to Brookfield Infrastructure Partners LP, marking the closing of the C$4.31 billion deal announced in July 2018.

The transaction involved the company's Canadian gathering and processing business, which included 19 provincially and federally regulated natural gas processing plants and 3,550 kilometers of natural gas gathering pipelines in British Columbia and Alberta.

Under Brookfield's ownership, the G&P business has been named NorthRiver Midstream Inc., according to a Dec. 31, 2019, release.

Additionally, Enbridge received about C$8 billion from previously announced noncore asset sales, to focus its business on low-risk pipeline and utility assets, as well as to strengthen its balance sheet and provide additional financial flexibility.