El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
El Paso Corporation Closes Sale of Mexican Pipeline Assets
HOUSTON, TEXAS, May 3, 2010—El Paso Corporation (NYSE:EP) announced today that it has closed the previously announced sale of its interests in Mexican pipeline and compression assets to Sempra Pipelines & Storage, a unit of Sempra Energy (NYSE: SRE), for $300 million. The sale included El Paso's 50 percent interest in a joint venture with the Mexican state oil company, Pemex, which owns various pipeline assets in northern Mexico close to the Texas border, as well as a 100-percent owned pipeline that originates at the Arizona border.
El Paso Corporation provides natural gas and related energy products in a safe, efficient, and dependable manner. The company owns North America's largest interstate natural gas pipeline system and one of North America's largest independent natural gas producers. For more information, visit www.elpaso.com.
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SOURCE: El Paso Corporation