Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list
Natural Gas

Private equity group acquiring minority stake in Kinder Morgan-operated NGPL

Commodities | Energy | Electric Power | Renewables | Natural Gas

Hydrogen: Beyond the Hype

Electric Power

Platts Forward Curves – Gas and Power

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Energy | Energy Transition | Natural Gas | Natural Gas (North American) | Oil | Crude Oil

CERAWEEK: US lawmakers dismiss oil leasing pause, tout energy independence

Electric Power | Renewables | LNG | Natural Gas

Fuel for Thought: For green hydrogen to catch up with blue, it's a long ride in India

Private equity group acquiring minority stake in Kinder Morgan-operated NGPL


Transaction implies $5.2 billion value for gas pipeline

Infrastructure serves Chicago, Gulf Coast markets

Houston — An affiliate of private equity firm ArcLight Capital Partners has agreed to pay $830 million for a 25% stake in the Kinder Morgan-operated Natural Gas Pipeline Company of America, which moves gas into the high-demand Chicago-area market as well as to LNG export facilities along the US Gulf Coast.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The transaction is expected to close by the end of March, Kinder Morgan and joint venture partner Brookfield Infrastructure Partners said in a statement Feb. 22.

ArcLight is among a group of private equity firms that have been making strategic investments in North American energy infrastructure in recent years. For established midstream operators like Kinder Morgan, adding joint venture partners allows it to reduce its risk and use proceeds for other growth opportunities.

After the transaction is completed, Kinder Morgan and Brookfield will each own 37.5% of NGPL, with ArcLight owning the remaining 25%.

The proceeds will be shared equally between Kinder Morgan and Brookfield. The value of the minority interest implies an enterprise value of approximately $5.2 billion for NGPL, the companies said. Kinder Morgan, which moves more than a third of the gas consumed in the US, will continue to operate NGPL.

NGPL has approximately 9,100 miles of pipeline, more than 1 million compression horsepower and 288 Bcf of working natural gas storage. NGPL provides customers access to major natural gas supply basins directly and through interconnects with intrastate and interstate pipeline systems.

S&P Global Platts LNG Virtual Conference | March 25, 2021

The S&P Global Platts LNG Virtual Conference is gathering the industry to discuss navigation of the global pandemic and the associated risks, the ongoing transition of the global energy economy, policy implications of the 2020 US election and more.

Find out more