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.