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Reuters reported that Kinder Morgan Energy Partners LP plans to buy natural gas pipeline operator Copano Energy LLC for $3.22 billion in effort to take advantage of existing infrastructure to transport gas from Texas and Oklahoma
Reuters reported that Kinder Morgan Energy Partners LP plans to buy natural gas pipeline operator Copano Energy LLC for $3.22 billion in effort to take advantage of existing infrastructure to transport gas from Texas and Oklahoma.
As quoted in the market report:
The deal is the latest in a flurry of multi-billion-dollar takeovers in the U.S. pipeline industry over the past two years as companies rush to cash in on a shortage of pipelines to move gas and gas liquids such as ethane and propane.