An affiliate of ArcLight Capital Partners, LLC (ArcLight) has acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC (NGPL) from Brookfield Infrastructure Partners L.P.
Following the transaction, ArcLight's stake in NGPL rose to 37.5%, while Brookfield Infrastructure maintained a 25% ownership interest. Kinder Morgan, Inc. remains the operator of the pipeline and holds a 37.5% stake in NGPL.
NGPL holds the distinction of being the primary transporter of natural gas to meet the high demand in the Chicago-area market. Furthermore, NGPL plays a significant role in transporting natural gas to major liquefied natural gas (LNG) export facilities and other markets along the Gulf Coast of Texas and Louisiana. With an extensive pipeline spanning approximately 9,100 miles, more than 1 million compression horsepower, and 288 billion cubic feet (Bcf) of working natural gas storage, NGPL provides its customers with direct access to all major natural gas supply basins. This access is facilitated through a network of interconnections with both intrastate and interstate pipeline systems.
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