Energy Transfer wraps up sale with joint venture

Energy Transfer Completes DAPL Expansion, Updates Pipeline Projects |  Pipeline and Gas Journal


Energy Transfer LP announced Monday the completion of the sale of its 51 percent interest in Energy Transfer Canada ULC (Energy Transfer Canada) to a joint venture which includes Pembina Pipeline Corporation and global infrastructure funds managed by KKR.

The company stated the sale of the assets allows Energy Transfer to further deleverage its balance sheet and redeploy capital within its U.S. footprint, which consists of a portfolio of energy assets with exceptional geographic and product diversity.