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)

Copyright (c) 2019 Dow Jones & Company, Inc.
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