ArcLight Capital Partners, LLC announced on February 3, 2025, the completion of its acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC (GCX) for $865 million. The interest was purchased from an affiliate of Phillips 66.
Following this transaction, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. and ArcLight. A subsidiary of Kinder Morgan will continue to operate the GCX pipeline.
GCX is a 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity, supported by long-term committed contracts. It provides critical residue gas takeaway service from the Permian Basin to key U.S. Gulf Coast end-markets, including the growing liquefied natural gas export market in South Texas.
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