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Kinder sells stake in GCX pipeline to Altus Midstream
Only a month after its creation, Altus Midstream acquired 15% interest in the Gulf Coast Express pipeline project from Kinder Morgan, reducing the latter’s stake in the project to 35%. The $1.75 billion GCX pipeline project, currently under construction, is expected to have a capacity to transport 1.98 Bcf/d of gas (297 MMcf/d for 15% interest) from the Permian to the Texas Gulf Coast. Kinder and Altus’ partners in the project are DCP Midstream......
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