Funds managed by Blackstone Inc. agreed $3.5 billion of investment as part of a new joint venture with EQT Corp., enabling the US natural gas producer to reduce its debt. The deal will give the ...

Private equity firm Blackstone is in advanced negotiations to acquire minority stakes in natural gas producer EQT’s US interstate natural gas pipelines for an estimated $3.5bn, Reuters has reported.

EQT Corp. (NYSE:EQT) +3.7% pre-market Monday after saying asset manager Blackstone (BX) agreed to acquire non-controlling equity interests in some of its natural gas pipelines for $3.5B in cash.