Thursday, October 6, 2011

Gateway closes acquisition of natural gas pipeline in Delmar, N.Y.

HOUSTON, Texas - Gateway Energy Corp.  announced on Sept. 28 that it has closed the acquisition to acquire a natural gas pipeline from American Midstream Partners, L.P. for an undisclosed purchase price. The acquisition closed on Sept. 23.

The pipeline delivers natural gas into a plant owned by Owens Corning in Delmar, N.Y.  In connection with the acquisition, Gateway entered into a new long-term contract with Owens Corning to transport natural gas at a fixed monthly rate.

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