Canadian gas pipeline operator TC Energy and the Federal Electricity Commission (CFE) of the Mexican state They agreed on Thursday to develop a $4.5 billion gas pipeline, suspending international arbitration proceedings by formalizing a strategic alliance.
the agreement and cooperation details They come as Canada and the United States have their most serious trade confrontation with Mexico under the new North American trade agreement, TMEC.
TC Energy said in a statement that it would work with CFE, Mexico’s national electricity company, develop and construct the Southeast Gateway Pipeline, a 715 kilometer pipeline that will transport 1.3 billion cubic feet of gas per day and supply fuel to central and southeastern regions of Mexico.
As part of the deal, the two companies agreed to consolidate existing assets, including the Tamazunchale gas pipeline, as well as the disputed Tula-Villa de Reyes and Tuxpan-Tula pipelines.
Their public-private partnership involves a single transmission service agreement, denominated in dollars and running until 2055.
Last month, TC Energy he said that would build a $5 billion gas pipeline with CFE in the Mexican state of Veracruz.
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