A subsidiary of Enbridge Energy Partners LP has agreed to buy up to 15 million cubic feet per day of natural gas from Swift Energy Co.
Financial terms of the agreement were not disclosed.
The Houston oil and gas company will be purchasing the natural gas from Houston-based Swift's Bay de Chene Field.
Enbridge (NYSE: EEP) also has an option of raising the capacity to 25MMcf per day.
The 15 MMcf capacity is expected to be available by the end of the second quarter 2008, according to Swift (NYSE: SFY).
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