TransCanada acquires rival
USA Transcanada pipeline
TransCanada owns more than 52,000 km in gas pipelines, and derived some 48% of its 2015 revenue from gas transport. The Colombia Pipeline Group deal will see the TransCanada add some 24,000 km to its network of gas conduits. The company has a gas storage capacity of 10.4 bcm (368 bcf).
Russ Girling, TransCanada’s president and CEO, said that “the acquisition represents a rare opportunity to invest in an extensive, competitively-positioned, growing network of regulated natural gas pipeline and storage assets in the Marcellus and Utica shale gas regions.”
The acquisition of Colombia Pipeline Group marks TransCanada biggest-ever agreement.
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