31 Aug 2023
AltaGas to acquire Tidewater natural-gas assets for $650 million
Two Calgary-based energy firms, AltaGas Ltd. and Tidewater Midstream and Infrastructure Ltd., entered into an agreement in which AltaGas will acquire natural gas assets from Tidewater for $650 million.
Included in the deal are Tidewater’s Pipestone natural gas plant, Pipestone expansion project, Dimsdale natural gas storage facility, and associated gathering and other infrastructure.
The deal is expected to close in the fourth quarter of 2023.
