Enbridge nears $2 billion deal for Tallgrass crude pipeline

Key facts

• Enbridge is in advanced talks to acquire Tallgrass Energy's Pony Express Pipeline for approximately $2 billion.
• A deal could be announced in the coming days, but no final decision has been made.
• Enbridge previously agreed to acquire Tallgrass Energy's crude oil business for $2.55 billion, expected to finalize in 2026.

Canadian energy infrastructure company Enbridge is reportedly in advanced negotiations to acquire Tallgrass Energy's Pony Express Pipeline in the U.S. for approximately $2 billion. The deal, which could be announced in the coming days, is subject to a final decision and could still fall through.