Canadian pipeline operator Enbridge has agreed to buy for $25 million the Rio Bravo pipeline project from Houston liquefied natural gas company NextDecade. Enbridge will oversee construction and operation of the proposed 137-mile natural gas pipeline. Enbridge executive vice president Bill Yardley said Feb. 13 the transaction “fits squarely within our low-risk business model.”
Rio Bravo is designed to move 4.5 billion cubic feet of natural gas per day from Agua Dulce hub near Corpus Christi to Port of Brownsville, where NextDecade plans to build its Rio Grande LNG export terminal.