TransCanada Partnership Awarded Contract to Build US$2.1 Billion Sur de Texas-Tuxpan Natural Gas Pipeline in Mexico
http://www.oilandgas360.com/transcanada-partnership-awarded-contract-build-us2-1-billion-sur-de-texas-tuxpan-natural-gas-pipeline-mexico/?utm_medium=email&sslid=Mzc1NLC0NLOwsLQEAA&sseid=szCxsLSwMLQEAA&jobid=540cf04e-0b97-4b67-80a0-5f08899ac259MEXICO CITY, MEXICO and CALGARY, ALBERTA–(Marketwired – June 13, 2016) – News Release — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that its joint venture with IEnova, Infraestructura Marina del Golfo (IMG), has been chosen to build, own and operate the US$2.1 billion Sur de Texas-Tuxpan natural gas pipeline in Mexico. The project will be supported by a 25-year natural gas transportation service contract for 2.6 billion cubic feet a day with the Comisión Federal de Electricidad (CFE), Mexico’s state-owned power company.
“We are extremely pleased to further our growth plans in Mexico with one of the most important natural gas infrastructure projects for that country’s future,” said Russ Girling, TransCanada’s president and chief executive officer. “This new project brings our footprint of existing assets and projects in development in Mexico to more than US$5 billion, all underpinned by 25-year agreements with Mexico’s state power company.”
The bid for the Sur de Texas-Tuxpan project was presented in partnership with IEnova, a subsidiary of Sempra Energy. TransCanada will ...
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http://www.oilandgas360.com/transcanada-partnership-awarded-contract-build-us2-1-billion-sur-de-texas-tuxpan-natural-gas-pipeline-mexico/?utm_medium=email&sslid=Mzc1NLC0NLOwsLQEAA&sseid=szCxsLSwMLQEAA&jobid=540cf04e-0b97-4b67-80a0-5f08899ac259
