The 73-mile line would add about 375 million cubic feet a day of firm transportation capacity.
The assets sold include 1,180 miles of pipelines in South Australia, Queensland and Western Australia.
Compressors are part of an order that comprises a total of six compressors.
Chesapeake Energy Corp. has entered into or is completing agreements to acquire $100 million of Mid-Continent, Permian Basin and Texas Gulf Coast assets in four separate transactions.
Assets to be sold are located in the western, central and eastern segments of the Gulf of Mexico production area.
The joint venture will be based at the Singapore Industrial Park, Suzhou, Jiangsu Province, People's Republic of China.
Presson business unit to provide engineering and fabrication services.
The acquisition increases the company's assets to approximately 4,500 miles of pipeline, 1.2 billion cubic feet per day of transported volumes.