LNG

Considerably boosting its natural gas involvement, US pipeline operator, ONEOK, has signed two definitive agreements with Global Infrastructure Partners (GIP) to acquire its interest in EnLink Midstream and Medallion Midstream.

The EnLink deal involves purchasing 43% of the company’s outstanding common units for $14.90 per unit and 100% of the interests in the managing member for $300 mill, giving a total cash consideration of around $3.3 bill. 

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