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Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines for $1.82 Billion
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Kinder Morgan to Acquire NextEra Energy ...
Energy Projects Face Challenges
Kinder Morgan to Acquire NextEra Energy ...
Overview
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Kinder Morgan, a U.S. pipeline operator, is set to acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal is expected to close in Q1 2024 and is part of increased consolidation in the oil and gas pipeline business. NextEra Energy Partners' Texas natural gas pipeline portfolio, STX Midstream, consists of seven pipelines with a transport capacity of 4.9 billion cubic feet per day.
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How might the increased consolidation in the oil and gas pipeline business impact the industry?
What are the potential benefits and challenges of the acquisition for Kinder Morgan?
What other factors are contributing to the decline in NextEra Energy Partners' distribution growth forecast?
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