Announced
Financials
Sources
Tags
Acquisition
Integrated Oil and Gas
Domestic
natural gas
Majority
Private
Friendly
Single Bidder
Canada
Pending
Synopsis
Enbridge, a pipeline and energy company, agreed to acquire Aitken Creek Storage, an integral part of the natural gas transmission system in Western Canada, from FortisBC, a natural gas company, for $400m. "Enbridge is pleased to acquire Aitken Creek Storage, a well-located and connected facility that will enable us to continue to meet regional energy needs as well as support increasing demand for west coast LNG exports. Natural gas plays an increasingly important role in the energy transition, and this investment further aligns with Enbridge's focus on providing the affordable, sustainable and reliable energy that is needed now and into the future," Cynthia Hansen, Enbridge Executive Vice President.
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