Mitsui Nabs Share Of $200M Gas Export Pipeline In Ariz.

Law360, New York (July 22, 2013, 5:41 PM EDT) -- Japanese iron ore giant Mitsui announced Monday that it has agreed to acquire 30 percent of a Kinder Morgan Inc. affiliate company tasked with constructing a $200 million pipeline in Arizona intended to boost natural gas exports to Mexico.

Kinder Morgan and Mexican state-owned oil company Petroleos Mexicanos will each retain 35 percent of the project company, Sierrita Gas Pipeline LLC, which is expected to complete construction of the pipeline by Sept. 30, 2014.

The joint investment is Mitsui's first energy collaboration with Pemex since the...
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