ArcLight Announces $865 Million Acquisition of Strategic Pipeline Interest
ArcLight Capital Partners has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline (GCX) from Phillips 66 for $865 million. GCX will now be jointly owned by Kinder Morgan (NYSE: KMI) and ArcLight affiliates, with KMI continuing operations.
GCX is a 500-mile natural gas pipeline with approximately 2 Bcf/d capacity, supported by long-term committed contracts. The pipeline provides critical gas takeaway service from the Permian Basin to US Gulf Coast markets, including LNG export facilities in South Texas.
ArcLight, which has managed over 47,000 miles of electric and gas transmission since 2001, views this acquisition as strategic positioning for growing power demand needs, particularly related to AI and data center infrastructure. The company sees GCX as well-positioned to benefit from increasing Permian production and long-term LNG, power, and industrial demand growth.
ArcLight Capital Partners ha completato l'acquisizione di una partecipazione azionaria del 25% in Gulf Coast Express Pipeline (GCX) da Phillips 66 per 865 milioni di dollari. GCX sarà ora di proprietà congiunta di Kinder Morgan (NYSE: KMI) e delle affiliate di ArcLight, con KMI che continuerà le operazioni.
GCX è un gasdotto di 500 miglia con una capacità di circa 2 Bcf/d, supportato da contratti a lungo termine. Il gasdotto fornisce un servizio critico di prelievo di gas dal Permian Basin ai mercati della Costa del Golfo degli Stati Uniti, comprese le strutture di esportazione di GNL nel sud del Texas.
ArcLight, che gestisce oltre 47.000 miglia di trasmissione di elettricità e gas dal 2001, considera questa acquisizione come una posizione strategica per soddisfare la crescente domanda di energia, particolarmente legata all'infrastruttura AI e ai data center. L'azienda vede GCX come ben posizionata per beneficiare dell'aumento della produzione del Permian e della crescita della domanda a lungo termine di GNL, energia e industriale.
ArcLight Capital Partners ha completado la adquisición de un 25% de participación en Gulf Coast Express Pipeline (GCX) de Phillips 66 por 865 millones de dólares. GCX ahora será co-propietario de Kinder Morgan (NYSE: KMI) y afiliados de ArcLight, con KMI continuando las operaciones.
GCX es un gasoducto de 500 millas con una capacidad de aproximadamente 2 Bcf/d, respaldado por contratos comprometidos a largo plazo. El gasoducto proporciona un servicio crítico de extracción de gas desde el Permian Basin a los mercados de la Costa del Golfo de EE. UU., incluidas las instalaciones de exportación de GNL en el sur de Texas.
ArcLight, que ha gestionado más de 47,000 millas de transmisión eléctrica y de gas desde 2001, ve esta adquisición como una posición estratégica para satisfacer las crecientes necesidades de demanda de energía, particularmente relacionadas con la infraestructura de IA y centros de datos. La empresa considera que GCX está bien posicionada para beneficiarse del aumento de la producción en el Permian y el crecimiento de la demanda de GNL, energía e industrial a largo plazo.
아크라이트 캐피털 파트너스가 필립스 66로부터 Gulf Coast Express Pipeline (GCX)의 25% 지분을 8억 6500만 달러에 인수했다고 발표했습니다. 이제 GCX는 킨더 모건(NYSE: KMI)과 아크라이트 계열사들이 공동 소유하게 되며, 킨더 모건이 운영을 계속할 것입니다.
GCX는 약 2 Bcf/d의 용량을 가진 500마일 길이의 천연 가스 파이프라인으로, 장기 계약에 의해 지원됩니다. 이 파이프라인은 퍼미안 분지에서 미국 멕시코만 시장으로, 특히 텍사스 남부의 LNG 수출 시설로부터 중요한 가스 인출 서비스를 제공합니다.
2001년부터 전기 및 가스 전송 47,000마일 이상을 관리해 온 아크라이트는 이번 인수를 AI 및 데이터 센터 인프라와 관련된 에너지 수요 증가에 대한 전략적 위치로 보고 있습니다. 이 회사는 GCX가 증가하는 퍼미안 생산과 장기 LNG, 전력 및 산업 수요 증가로부터 혜택을 받을 수 있는 좋은 위치에 있다고 보고 있습니다.
ArcLight Capital Partners a finalisé l'acquisition d'une participation de 25 % dans Gulf Coast Express Pipeline (GCX) auprès de Phillips 66 pour 865 millions de dollars. GCX sera désormais co-propriété de Kinder Morgan (NYSE: KMI) et des affiliés d'ArcLight, KMI continuant les opérations.
GCX est un gazoduc de 500 miles avec une capacité d'environ 2 Bcf/jour, soutenu par des contrats à long terme. Le gazoduc fournit un service essentiel d'évacuation de gaz depuis le Permian Basin vers les marchés de la côte du Golfe des États-Unis, y compris les installations d'exportation de GNL dans le sud du Texas.
ArcLight, qui gère plus de 47 000 miles de transmission électrique et de gaz depuis 2001, considère cette acquisition comme un positionnement stratégique pour répondre aux besoins croissants en énergie, en particulier en lien avec l'infrastructure IA et les centres de données. L'entreprise estime que GCX est bien positionnée pour bénéficier de l'augmentation de la production du Permian et de la croissance à long terme de la demande en GNL, électricité et secteur industriel.
ArcLight Capital Partners hat die Übernahme eines 25%igen Anteils an Gulf Coast Express Pipeline (GCX) von Phillips 66 für 865 Millionen Dollar abgeschlossen. GCX wird nun gemeinsam im Besitz von Kinder Morgan (NYSE: KMI) und ArcLight-Partnern sein, während KMI die Betriebführung fortsetzt.
GCX ist eine 500 Meilen lange Erdgas-Pipeline mit einer Kapazität von etwa 2 Bcf/d, die durch langfristige Verpflichtungsverträge gestützt wird. Die Pipeline bietet einen kritischen Gasabfuhrdienst vom Permian Basin zu den Märkten an der US-Golfküste, einschließlich LNG-Exportanlagen im südlichen Texas.
ArcLight, das seit 2001 über 47.000 Meilen Strom- und Gasübertragung verwaltet, sieht diese Übernahme als strategische Positionierung zur Deckung des wachsenden Energiebedarfs, insbesondere in Bezug auf KI- und Rechenzentrumsinfrastrukturen. Das Unternehmen sieht GCX als gut positioniert, um von der steigenden Produktion im Permian und dem langfristigen Wachstum der LNG-, Strom- und Industrienachfrage zu profitieren.
- Strategic acquisition of 25% stake in major pipeline infrastructure for $865 million
- Pipeline has 2 Bcf/d capacity backed by long-term contracts
- Asset positioned to benefit from growing LNG export market and data center demand
- Partnership with established operator Kinder Morgan
- Significant capital expenditure of $865 million
- Dependence on Permian Basin production levels
Insights
The
The deal's timing is particularly strategic given two major industry tailwinds: 1) The acceleration of Permian Basin production, which requires robust takeaway capacity and 2) The surge in Gulf Coast LNG export demand, coupled with increasing natural gas requirements for AI and data center infrastructure. GCX's 2 Bcf/d capacity positions it as a critical artery in this high-growth corridor.
What's particularly noteworthy is the infrastructure's strategic positioning for future expansion opportunities:
- The pipeline's direct access to South Texas LNG export facilities provides exposure to the fastest-growing segment of US natural gas demand
- The long-term committed contracts from high-quality shippers ensure stable cash flows while maintaining upside potential from increased throughput
- ArcLight's extensive experience in energy infrastructure (over 47,000 miles of transmission assets) brings additional operational expertise and potential synergies
For KMI shareholders, this transaction demonstrates the company's ability to unlock value from its asset base while maintaining operational control and future growth potential. The partnership with ArcLight, a sophisticated infrastructure investor, could facilitate future expansion projects without straining KMI's balance sheet.
GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway service from the Permian Basin to key US Gulf Coast end-markets, including key growing demand regions such as the growing liquefied natural gas ("LNG") export market in
Since 2001, ArcLight has owned, controlled, or operated over 47,000 miles of electric and gas transmission, making it one of the largest private owners of natural gas related transmission infrastructure.
"As the
"We believe GCX represents a critical-path, strategic natural gas infrastructure asset with opportunities for growth," said Lucius Taylor, Partner at ArcLight. "As one of the largest, lowest cost transmission assets in the region, we believe GCX is well positioned to capitalize on the dual tailwinds of growing Permian production and long-term LNG, power, and industrial demand growth."
Barclays Capital Inc. acted as financial advisor and Latham & Watkins LLP acted as legal counsel to ArcLight on the transaction.
About ArcLight
ArcLight is a leading infrastructure investor which has been investing in critical electrification infrastructure since its founding in 2001. ArcLight has owned, controlled or operated over ~65 GW of assets and 47,000 miles of electric and gas transmission and storage infrastructure representing
View original content to download multimedia:https://www.prnewswire.com/news-releases/arclight-announces-865-million-acquisition-of-strategic-pipeline-interest-302365746.html
SOURCE ArcLight Capital Partners
FAQ
What is the value of ArcLight's acquisition of GCX pipeline stake from Phillips 66?
What is the capacity of the Gulf Coast Express Pipeline operated by KMI?
Who will operate the GCX pipeline after ArcLight's acquisition?
What markets does the GCX pipeline serve?
How does the GCX acquisition align with future energy demand?
