Enbridge and Houston LNG co. working on pipeline partnership in South Texas

Houston-based NextDecade Corp. (Nasdaq: NEXT) and Canada-based Enbridge Inc. (NYSE: ENB), which has a major presence in Houston, are working on finalizing a partnership for a pipeline system in South Texas.

The companies have signed a memorandum of understanding to jointly pursue the development of the Rio Bravo Pipeline and other natural gas pipelines, according to a Sept. 18 press release. The companies expect to finalize a definitive agreement in the fourth quarter of 2019.

The Rio Bravo Pipeline…

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