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MI - Access to overseas markets drives new pipeline projects - September 2019
Growing US oil exports are at the heart of Energy Transfer’s nearly $5 billion acquisition of SemGroup, the third-largest midstream transaction announced so far this year (PG.1). ET will pay a 65% premium for a collection of assets that is highly complementary to its existing crude oil and NGL transport businesses, with the crown jewel being SemGroup’s Houston Fuel Oil Terminal. Highlighting the terminal’s centrality to the deal, ET concurrently announced plans to build......
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