Energy Transfer LP agreed on Feb. 17 to acquire Enable Midstream Partners LP in an all-stock deal described as a “bolt-on acquisition” by Energy Transfer as part of a push for natural gas.

“Energy Transfer will further enhance its connectivity to the global LNG market and the growing global demand for natural gas as the world transitions to cleaner power and fuel sources,” the company said in a joint release announcing the transaction.

The all-equity transaction for Enable, valued at about $7.2 billion including debt, comes weeks after a U.S. appeals court dealt a blow that could shut down the Dakota Access crude pipeline operated by Energy Transfer.

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