Houston-based Kinder Morgan Inc. (NYSE: KMI) has been approved as the buyer of a pipeline network owned by Dallas-based Southcross Energy Partners LP.
The U.S. Bankruptcy Court for the District of Delaware approved the sale on Oct. 22, according to a Nov. 6 press release.
Kinder Morgan Tejas Pipeline LLC will buy Southcross Energy’s natural gas pipeline network in Corpus Christi, Texas, for $76 million. That deal is expected to close in November.
Separately, Magnolia Infrastructure Holdings,…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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