Published: January 6, 2023 |

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Tallgrass has entered into an agreement to acquire the Ruby Pipeline. The acquisition of this asset provides access to established markets, an additional ~1.5 bcf/d of natural gas capacity to the company’s portfolio and immediate and strong cash flow to the company.

The investment will provide Tallgrass a platform to enhance natural gas service to West Coast markets. It also provides a unique opportunity for Tallgrass to utilize Ruby’s 683-mile existing infrastructure network to advance Tallgrass’ initiatives to offer decarbonized energy solutions such as responsibly sourced and renewable natural gas to customers across the U.S.

“Ruby’s capabilities maintain our nation’s energy security and provide long-term opportunities in the transportation of the molecules that will be required in the energy transition. In addition to gaining new teammates, this acquisition further advances our track record of optimizing existing infrastructure to lead energy solutions,” said Matt Sheehy, president and CEO of Tallgrass.

The transaction is expected to close in the first quarter of 2023 subject to customary regulatory approvals and closing conditions.

About Tallgrass
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. They are committed to being at the forefront of efforts to decarbonize the world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass.

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