Spectra sells Empress NGL

Spectra Energy Corp, one of North America's leading pipeline and midstream companies based in Houston, Texas, has announced that its indirect subsidiary, Westcoast Energy Inc., has completed the previously announced sale of its ownership interests in Spectra Energy's Canadian natural gas liquids (NGL) business to Plains Midstream Canada ULC, for a cash purchase price of approximately CAN$267 million (US$204 million), including approximately CAN$67 million (US$51 million) for inventory and working capital.

Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/05082016/spectra-energy-sells-empress-ngl-to-plains-midstream-canada-3863/