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Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines for $1.82 Billion
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Overview
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Kinder Morgan, a U.S. pipeline operator, will acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The deal is expected to close in Q1 2024. This acquisition reflects increased consolidation in the oil and gas pipeline business due to growing U.S. production and permit-related issues for new pipelines.
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How might the increased consolidation in the pipeline business affect the overall energy landscape in the United States?
How will the acquisition of NextEra Energy Partners' pipelines impact Kinder Morgan's operations?
What are the potential challenges and opportunities associated with the consolidation in the oil and gas pipeline industry?
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