Enbridge sells its Western Canadian Natural Gas Gathering & Processing Businesses to Brookfield Infrastructure Partners for $C4.31B

Date Closed

December 31, 2019

Lead Office

Vancouver

Value

4.31 Billion CAD

On December 31, 2019, Enbridge completed its definitive agreement to sell its Canadian natural gas gathering and processing business in the Montney, Peace River Arch, Horn River and Liard basins in British Columbia (B.C.) and Alberta (the "G&P Business") to Brookfield Infrastructure for an enterprise value of C$4.31 billion.

The G&P Business includes 19 natural gas processing plants and liquids handling facilities, with a total operating capacity of 3.3 Bcf/d and 3,550 km of natural gas gathering pipelines.

Separate sale agreements were entered into for those facilities currently governed by provincial regulations (Alberta and B.C.), and those governed by federal National Energy Board regulations. The sale of the provincially regulated facilities was completed on October 1, 2018 and the sale of the federally regulated facilities was completed on December 31, 2019.

Enbridge is an energy delivery company based in Alberta which focuses on the transportation, distribution and generation of energy in North America. Enbridge also operates the longest crude oil and liquids transportation system in the world.

Brookfield Infrastructure is a global infrastructure company that owns and operates assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe.

McCarthy Tétrault LLP is advising Enbridge on regulatory and real property matters with a team led by Robin Sirett (Business/Energy Regulatory) that includes Selina Lee-Anderson (Regulatory) and Craig Shirreff (Real Property).

 

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