LNG

Kinder Morgan plans to buy El Paso Corp. in a transaction valued at over $37 billion, creating the largest natural gas pipeline network company in the US, and involving stakes in two US LNG import terminals.

El Paso Corp owns a 50 percent stake in the newest LNG import terminal, the Gulf LNG facility in Pascagoula, Mississippi, while El Paso spin-off company in which it retains a 40 percent stake, El Paso Pipeline Partners, owns the Elba Island LNG terminal, near Savannah, Georgia.

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