The companies
NextEra Energy Partners LP has announced that it is acquiring NET Midstream 海角吃瓜网� a private company with seven gas pipelines in Texas 海角吃瓜网� for US$2.1 billion.
NET Midstream海角吃瓜网檚 pipelines hold and provide 3 billion ft3/d of shale gas to Texas, with the potential to expand.
The deal
NextEra海角吃瓜网檚 deal with the seven gas pipelines is said to 海角吃瓜网渆stablish NextEra Energy Partners' presence in the long-term contracted natural gas pipeline space, providing a platform for future growth.海角吃瓜网�
The pipelines
The 120 mile and 42 in. dia. NET Mexico Pipeline, is the largest of the seven, which delivers gas from the Eagle Ford Shale to the Mexico border. NextEra states that the pipeline is 海角吃瓜网渟trategically positioned to provide low-cost, US-sourced shale gas to meet the increasing demand of Mexico load centres and growing natural gas markets.海角吃瓜网�
The Eagle Ford Pipeline 海角吃瓜网� the second largest of the lot 海角吃瓜网� is approximately 158 miles long, and is 海角吃瓜网渁nchored by a long-term, ship-or-pay commitment from an investment-grade producer.海角吃瓜网�
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