SUBSCRIBE
PROFILE

United States: DT Midstream acquires three pipelines for $1.2 billion

DT Midstream completes the acquisition of three pipelines regulated by the FERC from ONEOK. This $1.2 billion transaction strengthens its presence in the Midwest natural gas market.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

DT Midstream has finalized a strategic acquisition involving three natural gas transmission pipelines from ONEOK for a total of $1.2 billion. These key infrastructures, regulated by the Federal Energy Regulatory Commission (FERC), span 1,300 miles and serve an essential network covering seven states in the American Midwest.

The agreement, effective December 31, 2024, marks a significant step in the company’s strategy to enhance its position in the natural gas sector. The pipelines, operating under the names Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission, have a total transportation capacity exceeding 3.7 billion cubic feet per day (Bcf/d).

An acquisition supported by solid contracts

The acquired assets are backed by take-or-pay contracts, ensuring stable and predictable revenues. These contracts, established with high-quality clients, including utilities and industrial players, underscore the robustness of DT Midstream’s adopted business model.

The transaction also expands the company’s geographic footprint while optimizing its portfolio of critical infrastructures in a growing market.

Implications for the gas market

This operation reflects an increased investment dynamic in natural gas infrastructures, particularly in the Midwest, a strategic region for the energy supply of the United States. The acquired infrastructures enhance transportation capacities to meet growing demand while providing increased connectivity to national networks.

By leveraging this acquisition, DT Midstream aims not only to increase its transport capacity but also to further diversify its revenues in an increasingly competitive energy environment.

  • Popular on energynews.pro
Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Vattenfall invests in new 63MW onshore wind farm in Scotland
GTT wins contract for LNG tanks on floating unit in Africa
Anglo American and Teck merge to form copper giant in zero-premium deal
Envision Energy enters Turkish market with 232 MW wind project
BlackRock and partners target $10.3 billion for Aramco gas deal financing
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
EQT signs 20-year deal for 1 Mtpa LNG with Commonwealth LNG
US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
TotalEnergies confirms imminent investment decision for new LNG train in Texas
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
McDermott wins major contract for $25bn gas liquefaction unit in Louisiana
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
BlueNord lowers Tyra production guidance for Q3 2025
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
NextDecade signs 20-year LNG deal with EQT for 1.5 MTPA from Train 5
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG extends supply contract with Barbados until 2030
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum secures option to acquire 50 wells to power Bitcoin mining
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge deploys two new gas projects for 2.8 Bcf/d in the United States
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG secures final non-FTA export authorization
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
Indonesia secures supply of 10 LNG cargoes for September
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
Egypt commits $343mn to new gas drilling to support supply
The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
United States clears Rio Grande and Commonwealth LNG toward final decisions
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
Hokkaido Gas readies 2027: LNG tender and volumes
Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
KOGAS signs 3.3 mtpa of US LNG for ten years starting in 2028
Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.

Log in to read this article

You'll also have access to a selection of our best content.