Canada’s AltaGas monetises non-core US midstream assets
Apr 26, 2021 5:10:pm
Summary
by: Dale Lunan
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Canada’s AltaGas monetises non-core US midstream assets
Canadian midstream infrastructure company AltaGas said April 23 it had monetised its non-core US transportation and storage assets with the sale of WGL Midstream to an entity owned by Six One Global Commodities and Vega Energy Partners for a cash consideration of C$344mn (US$275mn).
AltaGas acquired WGL Midstream in 2018 as part of its C$8.4bn acquisition of WGL Holdings, which also included Washington Gas, WGL Energy and Hampshire Gas.
The WGL Midstream sale includes a number of natural gas transportation and storage contracts, including about 31bn ft
quickly as needed for resale. but so far i haven t been able to persuade either so cal gas or the governor to do that. that is a remarkable dynamic. i m happy to have clarity on that and shocked at the same time. and the other thing is we need to see a natural gas storage integrity system nationwide. we had some explosions and we ended up with a good set of regulations for natural gas transportation. we ve got no reasonable regulations for natural gas storage. this is 60-year-old pipe. they ve removed the safety valves. and the testing system is not designed to find anomalies in the pipe, just find where it s already leaking, not where it might leak. so we ve got technology on transportation. we haven t applied it to storage. congressman brad sherman of california, thanks very much for helping us understand this. this is a hell of a thing in your district. good luck with this. thank you. thank you. we ve got lots more ahead including a big update today from flint, michigan. t
that and shocked at the same time. and the other thing is we need to see a natural gas storage integrity system nationwide. we had some explosions and we ended up with a good set of regulations for natural gas transportation. we ve got no reasonable regulations for natural gas storage. this is 60-year-old pipe. they ve removed the safety valves. and the testing system is not designed to find anomalies in the pipe, just find where it s already leaking, not where it might leak. so we ve got technology on transportation. we haven t applied it to storage. congressman brad sherman of california, thanks very much for helping us understand this. this is a hell of a thing in your district. good luck with this. thank you. thank you. we ve got lots more ahead including a big update today from flint, michigan. the governor finally taking questions on that disaster today. stay with us.
that power to direct that natural gas be pulled out as quickly as possible, not just as quickly as needed for resale. but so far i haven t been able to persuade either so cal gas or the governor to do that. that is a remarkable dynamic. i m happy to have clarity on that and shocked at the same time. and the other thing is we need to see a natural gas storage integrity system nationwide. we had some explosions and we ended up with a good set of regulations for natural gas transportation. we ve got no reasonable regulations for natural gas storage. this is 60-year-old pipe. they ve removed the safety valves. and the testing system is not designed to find anomalies in the pipe, just find where it s already leaking, not where it might leak. so we ve got technology on transportation. we haven t applied it to storage. congressman brad sherman of california, thanks very much for helping us understand this. this is a hell of a thing in your district. good luck with this. thank you. t