TC Energy Corporation Sells Pipeline Network Serving Colima and Jalisco
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
TC Energy Corporation announced it is selling Energía Occidente de México, the owner of the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development, S.A.B. de C.V. The pipeline transports up to 500 MMcf/d of natural gas to industrial customers in Colima and Jalisco for a gross purchase price of $560 million (US$400 million). The transaction is expected to close in the first half of 2027.
Why it matters
The sale reflects TC Energy Corporation’s strategy of portfolio optimization, allowing the company to redeploy proceeds from a mature asset toward growth opportunities in its North American operations. The pipeline serves industrial customers in the states of Colima and Jalisco.
Who's involved
- ColimaState of Mexico served by the pipeline network
- JaliscoState of Mexico served by the pipeline network
- GuadalajaraCity in Jalisco served by the pipeline network
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.