UAE's 2PointZero acquires US natural gas pipeline assets for $2.25B
Abu Dhabi-based investment group 2PointZero, through its subsidiary ePointZero, acquired all equity interests in US natural gas infrastructure firm Traverse Midstream Partners for $2.25 billion. The deal involves non-operating midstream energy assets and minority stakes in key pipelines like Rover Pipeline, which transports natural gas from the Utica and Marcellus shale plays to demand centers in the Midwest, Gulf Coast, and eastern Canada. The acquisition is subject to regulatory approval and reflects ongoing Gulf investor interest in US energy infrastructure despite geopolitical tensions.
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