296-mile PNGTS gas pipeline: Blackstone Infrastructure to buy New England line from GIP, Morgan Stanley

(P&GJ) — Funds managed by Blackstone Infrastructure have agreed to acquire the 296-mile Portland Natural Gas Transmission System (PNGTS), a Federal Energy Regulatory Commission (FERC)-regulated pipeline serving northern New England and Atlantic Canada, Blackstone said Nov. 10. The sellers are funds managed by Global Infrastructure Partners, part of BlackRock, and Morgan Stanley Infrastructure Partners.