UGI Corp recently announced its UGI Energy Services unit has plans to acquire Columbia Midstream Group from a TC Energy subsidiary for roughly $1.28 billion, according to Kallanish Energy.
The deal will expand UGI’s midstream portfolio and provide an opportunity to invest an additional $300-$500 million over the next five years.
The Columbia Midstream Group owns five gathering systems and 240 miles of pipeline in the southwestern Appalachian Basin. They have a capacity of roughly 2.68 trillion British thermal units per day.
Learn more: Kallanish Energy > UGI unit acquiring Columbia Midstream for $1.28B
This post appeared first on Shale Gas Reporter.