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Veresen buys stake in U.S. natural gas pipeline system for US$1.425 billion

2014-09-23 05:47:09| Energy - Topix.net

Veresen Inc. is spending more than US$1.4 billion to buy a stake in a U.S. pipeline, a deal it says will bolster the company's plans to ship liquefied natural gas from a proposed terminal on the Oregon coast. The Calgary-based company on Monday announced a deal to buy a 50 per cent stake in the Ruby pipeline system from Global Infrastructure Partners.

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