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Enbridge Acquiring Rio Bravo Pipeline Company for $25MM to Feed Rio Grande LNG Project

By Criterion Research
February 14, 2020 -

Enbridge has reached a definitive agreement with NextDecade to acquire the Rio Bravo Pipeline Company for $25 million, with $15 million of that to be paid upon FID of the Rio Grande LNG Terminal.

Enbridge intends to take on full responsibility for developing the 4.5 Bcf/d trunkline for NextDecades LNG project in Brownsville, and both firms have entered into a 20-year firm transport agreement for feed gas supplies.  Closing is expected in the first quarter of 2020.rio-bravo-pipeline-project.png


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Categories
Oil and Gas
Midstream

Commodities
Natural Gas

Sub Commodities
LNG

Tags
LNG Exports
Mergers/Acquisitions
Pipeline Projects

Regions
Gulf Coast
Port of Brownsville

Countries
United States

States
Texas

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