CPPIB forms joint venture in Marcellus, Utica shales with Williams

  • Mar 25, 2019
  • Shalegas Reporter

The Canada Pension Plan Investment Board is forming a $3.8 billion joint venture with U.S. energy firm Williams Cos Inc, according to NASDAQ. The new entity will hold pipeline assets in the Marcellus and Utica shale plays.

CPPIB, Canada’s largest pension fund, will invest about $1.34 billion for a 35 percent stake in the venture, while Williams will hold the remained and operate the joint venture.

The companies said on Monday that the venture includes Williams’ Ohio Valley Midstream system in the Marcellus shale basin and the Utica East Ohio Midstream system.

Learn more: NASDAQ > CPPIB, Williams to form $3.8 bin Marcellus-Utica shale gas venture