Pipeline Operator Energy Transfer Completes Sale of Stake in Energy Transfer Canada
8/16/2022
Energy Transfer LP has completed the sale of its 51% interest in Energy Transfer Canada ULC (Energy Transfer Canada) on Tuesday to a joint venture which includes Pembina Pipeline Corporation and global infrastructure funds managed by KKR.
The sale of these assets allows Energy Transfer to further deleverage its balance sheet and redeploy capital within its U.S. footprint, which consists of a portfolio of energy assets with exceptional geographic and product diversity.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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