New Jersey Resources Unit NJR Midstream to Buy Miss. Gas Storage Facility

Date : 06/09/2019 @ 07:51
Source : Dow Jones News
Stock : Macquarie Group Limited (MQG)
Quote : 133.54  0.0 (0.00%) @ 08:50
Macquarie share price Chart

New Jersey Resources Unit NJR Midstream to Buy Miss. Gas Storage Facility

New Jersey Resources (NYSE:NJR)
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6 Months : From Jun 2019 to Dec 2019

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By Josh Beckerman

 

New Jersey Resources Corp. (NJR) unit NJR Midstream has agreed to buy Mississippi natural gas storage facility Leaf River Energy Center LLC from Macquarie Infrastructure Partners for $367.5 million, subject to certain conditions.

Leaf River consists of three salt dome caverns with a combined capacity of 32.2 million dekatherms. Macquarie bought Leaf River in late 2012 from NGS Energy LP.

NJR Midstream has 50% stake in Pennsylvania gas storage facility Steckman Ridge.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

September 05, 2019 17:36 ET (21:36 GMT)

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