Morgan Stanley Investment Management, through investment funds managed by its private infrastructure investment platform Morgan Stanley Infrastructure Partners (MSIP), is planning to acquire Epic Energy, an Australian gas pipeline operator.
Since 2012, Epic Energy’s primary focus has been two major gas transmission pipelines in South Australia — the Moomba to Adelaide Pipeline System (MAPS) and the South East Pipeline System (SEPS). MAPS connects gas resources in northern Australia to Adelaide — the capital of South Australia — one of the global leaders in renewable-energy penetration. MAPS has operated for more than 50 years and is one of only two pipeline systems serving Adelaide, providing critical connectivity between key gas-producing regions and South Australia’s power generation, industrial and utility customers.
“MAPS is a critical piece of energy infrastructure with a more than 50-year operating history, high barriers to entry and long-term strateg
