ArcLight Capital Partners completed the acquisition of a 25% stake in Gulf Coast Express pipeline from Phillips 66 for $865m.

ArcLight Capital Partners, a private equity firm, completed the acquisition of a 25% stake in Gulf Coast Express pipeline, a gas pipeline company, from Phillips 66, a midstream operator, for $865m. "As the US seeks to meet the rapidly growing power demand needs associated with AI and data center infrastructure, we believe more natural gas related infrastructure, both power and midstream assets, will be needed to meet this objective. This acquisition builds on our history dating back to 2001 of investing in critical gas infrastructure, ability to be a value-added partner, and expands our strategic partnership with Kinder Morgan," Dan Revers, ArcLight Founder.