Gateway Energy acquires natural-gas pipeline assets

Gateway Energy has announced that it has acquired natural-gas pipeline assets from Laser Pipeline for $1.1m (£692,000). 

Gateway financed the acquisition through a combination of cash and bank debt.

The assets purchased include four natural gas pipelines that deliver natural gas into poultry processing and rendering plants owned by Tyson Foods.

The Tyson plants are located in Center, Texas, Seguin, Texas, Sedalia, Missouri, and Texarkana, Arkansas.