Sempra Energy Completes Sale Of U.S. Natural Gas Storage Assets To ArcLight Capital Partners
Sempra Energy (NYSE: SRE) today announced that it has completed the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners (ArcLight) for $328 million in cash, subject to customary post-closing adjustments. ArcLight's affiliate Enstor Gas will operate the facilities going forward.
Enstor, An Affiliate Of ArcLight Capital Partners, Acquires East Cheyenne Natural Gas Storage
Enstor, an affiliate of ArcLight Capital Partners, today announced the acquisition of the 12 Bcf East Cheyenne natural gas storage facility. East Cheyenne is located in Logan County, Coloradoand is interconnected to the Trailblazer pipeline. Enstor plans to integrate the facility into its existing natural gas storage platform, which ArcLight acquired in 2018.
Enstor Gas Storage Announces Appointment of Paul Bieniawski as Chief Executive Officer and Masoud Kasraian as President and Chief Commercial Officer
Enstor Gas, LLC, an affiliate of ArcLight Capital Partners, LLC, today announced that Paul W. Bieniawski has taken the role of Chief Executive Officer. Also joining the Enstor management team is Masoud J. Kasraian in the role of President and Chief Commercial Officer. Enstor owns and operates underground natural gas storage facilities in the Gulf Coast and Southwest regions of the United States with net working gas storage capacity of 67.5 Bcf.
AVANGRID Completes Sale of Gas Storage Business To an Affiliate of ArcLight Capital Partners
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR), a diversified energy company, today announced that its wholly owned subsidiary, Avangrid Renewables Holdings, Inc., has completed the sale of Enstor Gas, LLC, to an affiliate of ArcLight Capital Partners, LLC.
ArcLight Capital Partners Closes Acquisition of Interest in Alberta Hub Gas Storage from Chevron Canada Properties Limited
BOSTON (April 4, 2016) – ArcLight Capital Partners, LLC (“ArcLight”) announced today that ArcLight affiliate Amphora Canada Gas Storage ULC (“Amphora”) has completed the purchase of Chevron Alberta Gas Storage ULC (“CAGS”) from Chevron Canada Properties Limited. CAGS owns a 43% non-operated interest in Alberta Hub Gas Storage (the “Facility”). Iberdrola Canada Energy Services Limited (“Iberdrola”) owns the remaining interest and operates the Facility.