By Josh Beckerman
New Jersey Resources Corp. (NJR) unit NJR Midstream has agreed to buy Mississippi natural gas storage facility Leaf River Energy Center LLC from Macquarie Infrastructure Partners for $367.5 million, subject to certain conditions.
Leaf River consists of three salt dome caverns with a combined capacity of 32.2 million dekatherms. Macquarie bought Leaf River in late 2012 from NGS Energy LP.
NJR Midstream has 50% stake in Pennsylvania gas storage facility Steckman Ridge.
Write to Josh Beckerman at email@example.com