Encana to sell natural gas facilities to Veresen and KKR: Reuters

Encana Corp will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP for $412 million plus costs, Reuters reported. Veresen Midstream, a joint venture of Veresen Inc and U.S. private equity firm Kohlberg Kravis Roberts & Co LP, will also invest up to $5 billion to support development in the Montney shale.

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