Chevron buys final stake in Louisiana pipeline

On Friday, Chevron Corp. took a step in growing its natural gas business, buying the last 40 percent of Bridgeline Holdings LP from Targa Resources Inc.

Terms of the purchase were not disclosed.

Bridgeline manages and operates an integrated intrastate natural gas pipeline and storage system in southern Louisiana along the Mississippi River corridor It consists of more than 1,000 miles of pipeline and 12 billion cubic feet of natural gas storage capacity, and manages marketing, supply and transportation functions.