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El Paso Corp. Sells 51% Interest in Southern LNG, Elba Express Pipeline to El Paso Pipeline Partners

Last week El Paso Pipeline Partners LP announced that it plans to take a 51% interest in Southern LNG Company LLC and El Paso Elba Express Co. LLCĀ  from El Paso Corp. for a purchase price of $810 million. This announcement follows a comment made earlier
March 28, 2010

Last week El Paso Pipeline Partners LP announced that it plans to take a 51% interest in Southern LNG Company LLC and El Paso Elba Express Co. LLCĀ  from El Paso Corp. for a purchase price of $810 million. This announcement follows a comment made earlier this month by an El Paso Corp. executive, who said that the company was considering selling the Elba Island LNG terminal and the associated pipeline. Read more in Business Week.

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