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The companies

NextEra Energy Partners LP has announced that it is acquiring NET Midstream 麻豆传媒映画� a private company with seven gas pipelines in Texas 麻豆传媒映画� for US$2.1 billion.

NET Midstream麻豆传媒映画檚 pipelines hold and provide 3 billion ft³/d of shale gas to Texas, with the potential to expand.

The deal

NextEra麻豆传媒映画檚 deal with the seven gas pipelines is said to 麻豆传媒映画渆stablish NextEra Energy Partners' presence in the long-term contracted natural gas pipeline space, providing a platform for future growth.麻豆传媒映画�

The pipelines

The 120 mile and 42 in. dia. NET Mexico Pipeline, is the largest of the seven, which delivers gas from the Eagle Ford Shale to the Mexico border. NextEra states that the pipeline is 麻豆传媒映画渟trategically positioned to provide low-cost, US-sourced shale gas to meet the increasing demand of Mexico load centres and growing natural gas markets.麻豆传媒映画�

The Eagle Ford Pipeline 麻豆传媒映画� the second largest of the lot 麻豆传媒映画� is approximately 158 miles long, and is 麻豆传媒映画渁nchored by a long-term, ship-or-pay commitment from an investment-grade producer.麻豆传媒映画�

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Read the article online at: /business-news/05082015/nextera-to-buy-net-midstream-for-us2billion/