UAE Buying Minority Stake in Rover Pipeline, Ohio River System
Industrywide Issues | M&A | Ohio | Pipelines | Statewide OH
The Abu Dhabi (United Arab Emirates) investment group 2PointZero, via its subsidiary ePointZero, has agreed to acquire U.S. natural gas infrastructure firm Traverse Midstream Partners for $2.25 billion. This acquisition includes stakes in the Rover Pipeline and Ohio River System, which connect the productive Utica/Marcellus shale region to major demand centers and export hubs. Despite escalating Middle East geopolitical tensions and global energy disruptions, the deal underscores the UAE’s commitment to commercial partnerships with the United States.To view this content, log into your member account. (Not a member? Join Today!)