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Boardwalk Pipeline purchases PL

Keywords: Tags  Boardwalk Pipeline Partners, PL Midstream, Boardwalk Pipelines Holding Corp., acquisition, natural gas, storage, pipeline, Louisiana ethylene

CHICAGO — Boardwalk Pipeline Partners LP has purchased a remaining 65-percent interest in PL Midstream LLC from Boardwalk Pipeline Holdings Corp. for $269 million.

The Houston-based natural gas company said Monday that PL Midstream provides storage, pipeline and other services to customers in the petrochemical and natural gas sectors through two hubs in southern Louisiana. The Baton Rouge, La.-based company’s assets include more than 240 miles of pipeline and the biggest ethylene distribution system in the state, Boardwalk Pipeline Partners said.

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