TC Energy Agrees to Sell Mexican Gas Pipeline for $400 Million
TC Energy (TRP) has agreed to sell its Guadalajara-Manzanillo natural gas pipeline in Mexico to Esentia Energy Development for approximately C$560 million, or around US$400 million. The deal involves the sale of Energía Occidente de México, which owns and operates a 313-kilometer pipeline capable of transporting up to 500 million cubic feet per day (cf/day) of natural gas. The transaction is expected to provide TC Energy with additional liquidity while allowing Esentia Energy Development to expand its infrastructure holdings in the region. The Guadalajara-Manzanillo Pipeline plays a key role in connecting imported liquefied natural gas supplies, supporting energy distribution across western Mexico.
Tickers: $TRP
Topics: Energy Infrastructure Natural Gas Pipeline