Connection

popular articles

Morocco funds expert mission to revive offshore exploration
AMEA Power commissions Africa’s largest wind power plant in Egypt
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
OMV invests in 140 MW electrolyser to secure hydrogen supply
Russian gas deliveries to Europe via TurkStream rise 10% in May

Kinder Morgan acquires STX Midstream for $1.815 billion

Kinder Morgan has signed an agreement to acquire NextEra Energy Partners' natural gas pipeline subsidiary STX Midstream in South Texas for $1.815 billion.
Kinder Morgan Acquiert STX Midstream
  • [favorite_button]

Please share:

Kinder Morgan recently announced its agreement to acquire STX Midstream, a subsidiary of NextEra Energy Partners. This strategic decision marks an important step in the company’s ongoing expansion.

Details of the Acquisition and Assets of STX Midstream

STX Midstream currently owns 462 miles of natural gas pipelines connecting the Eagle Ford Basin to various markets, including Mexico and the Gulf Coast. This acquisition will enable Kinder Morgan to expand its presence and diversify its activities in the region.

Growth prospects for Eagle Ford and exports to Mexico

The transaction is expected to close in the first quarter of 2024, and will be financed by available cash and short-term borrowings. With this acquisition, Kinder Morgan plans to seize new opportunities in LNG, power generation, LDC customers and exports to Mexico.

STX Midstream’s interest in Dos Caminos and Other Assets

STX Midstream also holds a 50% stake in Dos Caminos, in partnership with Howard Energy Partners. Dos Caminos recently commissioned a 62-mile line connecting HEP’s Eagle Ford midstream and pipeline facilities to KMI’s new Eagle Ford pipeline line in Freer. This collaboration further strengthens STX Midstream’s position in the region.

The sale of STX Midstream is in line with NextEra’s strategy of focusing exclusively on its renewable energies portfolio. NextEra will use part of the funds from this sale to finalize the redemption of its convertible equity portfolio financing from its Renewable Energy Fund II by 2025. This decision reflects NextEra’s commitment to clean, sustainable energy.

By acquiring STX Midstream, Kinder Morgan strengthens its position in the South Texas natural gas sector, paving the way for significant growth in production and exports to Mexico. The acquisition comes against the backdrop of growing demand for gas in the United States, and enables NextEra to focus more on its renewable energy portfolio.

Register free of charge for uninterrupted access.

Publicite

Latest news

Morocco funds expert mission to revive offshore exploration
AMEA Power commissions Africa’s largest wind power plant in Egypt
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
OMV invests in 140 MW electrolyser to secure hydrogen supply
Russian gas deliveries to Europe via TurkStream rise 10% in May

Recently published in

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients

Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
Morocco funds expert mission to revive offshore exploration
Following the withdrawal of two British companies, Morocco launches a MAD2.5mn ($270,000) expert mission to boost the appeal of its offshore oil and gas sector.
en_1140290949540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
AMEA Power commissions Africa’s largest wind power plant in Egypt
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
en_1140290950540-2
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
en_1140290951540-2
Aegis Vopak Terminals goes public in Mumbai with €2.7bn valuation
Royal Vopak’s Indian joint venture rose nearly 3% on its first trading day in Mumbai, reaching an implied valuation of €2.7bn ($2.93bn).
en_1140290951540-2

OMV invests in 140 MW electrolyser to secure hydrogen supply

Austrian group OMV has confirmed a major investment in a green hydrogen production unit in Lower Austria, aimed at securing its Schwechat refinery operations by the end of 2027.
Russian gas deliveries to Europe via TurkStream rise 10% in May
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
en_1140290953540-2
Russian gas deliveries to Europe via TurkStream rise 10% in May
Gazprom increased its daily natural gas exports to Europe via the TurkStream subsea pipeline, reaching 46 million cubic metres per day in May, according to Reuters calculations.
en_1140290953540-2
South Korea begins site evaluation for Uganda’s first nuclear reactor
Korea Hydro & Nuclear Power signed a 26-month contract to assess a site in Uganda’s Buyende region for its first nuclear reactor, in compliance with International Atomic Energy Agency standards.
en_1140290954540-2
South Korea begins site evaluation for Uganda’s first nuclear reactor
Korea Hydro & Nuclear Power signed a 26-month contract to assess a site in Uganda’s Buyende region for its first nuclear reactor, in compliance with International Atomic Energy Agency standards.
en_1140290954540-2
BP signs final investment decision for 240 MW solar power plant in Azerbaijan
The Shafag 11 project in Jabrayil, backed by BP, SOCAR and the Azerbaijan Investment Company, secures a $200mn commitment at the Caspian Oil and Gas Exhibition.
en_1140290955540-2
BP signs final investment decision for 240 MW solar power plant in Azerbaijan
The Shafag 11 project in Jabrayil, backed by BP, SOCAR and the Azerbaijan Investment Company, secures a $200mn commitment at the Caspian Oil and Gas Exhibition.
en_1140290955540-2

Naftogaz secures €36.4mn loan to upgrade drilling equipment

Naftogaz will fund the purchase of new drilling platforms through a €36.4mn loan from the European Bank for Reconstruction and Development, following a sharp decline in gas production due to Russian strikes.
Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS
Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
en_1140290943540-2
Natural Gas: A Competitive Energy Solution Compared to Renewables Through CCS
Natural gas combined with carbon capture achieves emission levels comparable to wind and solar power, positioning itself as an economical alternative to renewables despite intermittency and high battery storage costs.
en_1140290943540-2
The maritime industry faces a critical biofuel shortage by 2028
Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
en_1140290958540-2
The maritime industry faces a critical biofuel shortage by 2028
Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
en_1140290958540-2
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2

International Petroleum repurchases 89,200 shares under its NCIB programme

International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18
EDF blocks Czech nuclear contract with KHNP on legal grounds
EDF is challenging the legality of the nuclear contract awarded to KHNP, citing potential South Korean state support in violation of EU rules, leading to a temporary suspension of the Dukovany II project.
en_1140290957540-2
EDF blocks Czech nuclear contract with KHNP on legal grounds
EDF is challenging the legality of the nuclear contract awarded to KHNP, citing potential South Korean state support in violation of EU rules, leading to a temporary suspension of the Dukovany II project.
en_1140290957540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2

US oil rig count falls to lowest level since 2021

US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540
Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries
Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
en_1140290962540
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540

Washington cancels $3.7bn in federal subsidies for carbon capture

The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
en_1140290948540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Waga Energy launches biomethane unit on Vancouver Island with FortisBC
Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
en_1140290951540
Waga Energy launches biomethane unit on Vancouver Island with FortisBC
Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
en_1140290951540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS