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Southern Company Buys 50% Stake in Kinder Morgan's SNG Pipeline

Southern Company Kinder Morgan, Inc.
AnnouncedJul 11, 2016
TypeJV
LocationGulf Of Mexico (GOM)
Announced Date
July 11,2016
Close Date
September 01,2016
Transaction Type
JV




Snapshot
Location
Region
Gulf of Mexico,Gulf Coast

Country
United States

State
Texas

Play
Gulf Of Mexico (GOM)



Transaction Details:  Subscribe to see

Closing Announcement - September 1, 2016

Southern Company and Kinder Morgan, Inc. announced the closing of their natural gas pipeline venture through Southern Company’s acquisition of a 50 percent equity interest in the Southern Natural Gas (SNG) pipeline system through a subsidiary of Southern Company Gas. As previously announced, Kinder Morgan will continue to operate the system and the companies are pursuing specific growth opportunities to develop additional natural gas infrastructure for the strategic venture.

Initial Announcement - July 11, 2016

Southern Company and Kinder Morgan, Inc…


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