Kinder Morgan wraps up Kinetrex deal

US energy company Kinder Morgan has finalized the previously announced acquisition of compatriot small-scale LNG player Kinetrex for about $310 million.

Kinder Morgan, the operator of the Elba Island liquefaction facility in Georgia, confirmed in a statement on Friday it had closed the deal. The firm bought Kinetrex from an affiliate of Parallel49 Equity.

The acquisition includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill renewable natural gas (RNG) facility, and three additional RNG facilities with signed commercial arrangements, according to Kinder Morgan.

Kinetrex supplies LNG in the Midwest but it also produces and supplies RNG under long-term contracts to transportation service providers.

The firm has a 50% interest in the largest RNG facility in Indiana as well as signed commercial agreements to begin construction on three additional landfill-based RNG facilities.

Once operational next year, total annual RNG production from the four sites would reach over four billion cubic feet.

Kinetrex produces RNG from renewable sources, including organic waste in landfills, wastewater treatment plants and agricultural operations.

The company will continue operations as Kinetrex, a Kinder Morgan company.

- Advertisements -

Most Popular

Deutsche ReGas starts commissioning Mukran FSRU terminal

LNG terminal operator Deutsche ReGas has kicked off commissioning activities at its FSRU-based LNG import facility in Germany’s port...

CEO: DOE’s permit pause will not slow down Cheniere’s LNG expansion plans

US LNG exporting giant Cheniere is going "full steam ahead" with plans to expand its Sabine Pass and Corpus...

Venture Global seeks more time to complete Calcasieu Pass LNG terminal

US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of...

More News Like This

Kinder Morgan to boost Elba Island LNG capacity as part of optimization project

US energy company Kinder Morgan is working to add about 0.4 mtpa of capacity at the Elba Island LNG...

Kinder Morgan sells Elba Island LNG stake for $565 million

US energy company Kinder Morgan has sold a 25.5 percent stake in the 2.5 mtpa Elba Island LNG export...

Blackstone takes 49 percent stake in Elba Island LNG export plant

A unit of US-based private equity firm Blackstone has purchased a stake from compatriot EIG Global Energy Partners in...

Kinetrex, WVPA start work on three US RNG facilities

US small-scale LNG player Kinetrex, a Kinder Morgan company, and Wabash Valley Power Alliance have started building three renewable...