Kinder Morgan (KMI) has announced the sale of a 50% stake in the $500m Utopia pipeline project to US-based private equity firm Riverstone Investment Group. In addition to acquiring the existing assets, Riverstone will also fund its share of future capital expenditures that are needed to complete construction and commissioning of the project. The Utopia pipeline project stretches from Harrison County to Fulton County and will include about 215 miles of new, 12-inch diameter pipeline that is planned ...
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