Altagas has announced that it has agreed to buy some natural gas assets from Tidewater Midstream and Infrastructure.

The contract costs estimated at $480 million (C$650 million). The agreement states that Altagas will acquire the Pipestone Natural Gas plant, Dimsdale natural gas storage facility and the associated pipeline systems required to operate these assets.

The deal is expected to be completed in the Q4 of 2023.