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Boardwalk Acquires Varibus Natural Gas Pipeline Assets


Contify Investment News  

 

    HOUSTON, Sept. 17 -- Boardwalk Pipeline Partners, LP issued the following news release:

    Boardwalk Pipeline Partners, LP (“Boardwalk”), is pleased to announce that its newly formed entity Boardwalk Louisiana Gas Transmission, LLC (“BLGT”) has acquired natural gas pipeline assets from Varibus L.L.C., effective September 9, 2021.

    BLGT will transport interstate natural gas supplies to end-use customers in Lake Charles, Louisiana. The acquisition of the Varibus pipeline will complement Boardwalk’s Gulf South interstate pipeline, which also provides natural gas transportation in Louisiana, including markets in Lake Charles.

    “With this acquisition, Boardwalk is bringing greater supply diversity and enhanced liquidity to the growing energy needs of end-use markets in southwest Louisiana,” said John Haynes, senior vice president and chief commercial officer of Boardwalk. “We are pleased to successfully close this acquisition and look forward to providing reliable service to end-users previously served by Varibus and new industrial markets.”

    About Boardwalk

    Boardwalk is a midstream limited partnership that transports and stores natural gas and liquids for its customers. Additional information about Boardwalk and Boardwalk Louisiana Gas Transmission can be found at bwpipelines.com.

    Source: Boardwalk Pipeline Partners, LP

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