Canada's AltaGas to Buy Natural Gas Assets from Tidewater for C$650 million
09.02.2023 By Tank Terminals - NEWS

September 1, 2023 [Reuters]- Canada’s AltaGas (ALA.TO) on Thursday agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure (TWM.TO) for C$650 million ($480 million), in a bid to strengthen its midstream operations.

 

The deal, expected to close in the fourth quarter, will also bring meaningful long-term supply of liquefied petroleum gas (LPG) for AltaGas’ global exports platform, newly appointed CEO Vern Yu said in a statement.

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