completes Acquisition CALGARY, AB and INGLESIDE, Texas, Oct. 12, 2021 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today announced the closing of the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion. The acquisition significantly advances the Company's U.S. Gulf Coast export strategy and connectivity to low-cost and long-lived reserves in the Permian and Eagle Ford basins.
The transaction provides Enbridge with a 100 percent operating interest in the Ingleside Energy Center, and related pipeline and logistics infrastructure, located near Corpus Christi, Texas, along with a 20 percent interest in the 670-thousand-barrel-per-day Cactus II Pipeline.