South Korean consortium buys 50% of Utopia Pipeline

South Korean-based consortium of infrastructure investors composed of Shinhan Investment Corp., Samtan Co., Ltd., EIP Investment Co., Ltd. and KDB KIAMCO, and Riverstone Holdings LLC have closed the consortium’s acquisition of Riverstone's 50% ownership interest in the Utopia Pipeline.

Originating in Harrison County, Ohio and delivering to the Sarnia petrochemical market in Ontario, Canada, Utopia is a 268-mile pipeline that transports ethane sourced from the Marcellus and Utica shales.

In 2016, Riverstone formed a joint venture with Kinder Morgan Inc. to construct Utopia. Kinder Morgan will remain the pipeline’s operator and continue its ownership in the joint venture.