ARM Energy and PIMCO to form a joint venture in a $3.2bn deal.

ARM Energy, an infrastructure and energy marketing services firm, and PIMCO, an investment management firm, agreed to form a natural gas pipeline joint venture in a $3.2bn deal. “Developing the Mustang Express Pipeline represents a major milestone in our growth and reinforces our commitment to quality, large-scale customers like Sempra Infrastructure. We are thrilled to partner with PIMCO and our other equity partners on this highly interconnected pipeline, which will significantly enhance the efficiency of the US natural gas supply chain. By linking two of the most prolific natural gas-producing regions in the US directly to LNG export facilities in Texas, we are helping ensure a reliable supply of natural gas for liquefaction and export with a route that crosses four storage facilities – delivering positive impacts for global energy needs and Texas communities,” Zach Lee, ARM Energy CEO.