TransCanada acquires Guadalajara LNG pipeline in Mexico for $360mn
TransCanada announced that its $360 million acquisition of the Guadalajara pipeline in Mexico has been completed.
The entire capacity of the 307-kilometre (192-mile), 30-inch-diameter pipeline is held under a 25-year contract with Comision Federal de Electricidad (CFE), Mexico's state-owned electric company.
"The Guadalajara pipeline represents key infrastructure that will allow CFE to continue developing a natural gas-fired electricity generation fleet in the rapidly growing central region of Mexico," said Russ Girling, TransCanada CEO.
"Completion of the Guadalajara pipeline represents another milestone in TransCanada's ongoing capital program," Girling continued. "Guadalajara is TransCanada's second pipeline investment in Mexico and highlights our ability to complete pipeline projects in the country which positions us well for future opportunities."
The Guadalajara pipeline connects to an LNG regasification facility located near Manzanillo, in the state of Colima.
It has capacity to transport 500 million cubic feet/day of natural gas to a nearby CFE owned power plant and 320 million cubic feet/day to the Pemex-owned national pipeline system near Guadalajara, in the state of Jalisco.
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