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Calgary-Based TC Energy Strikes $560M Deal to Sell Mexican Natural Gas Pipeline
The sale will generate about $560 million in cash proceeds and let TC Energy redeploy capital toward growth opportunities, the company said.
- On Monday, TC Energy announced an agreement to sell Energía Occidente de México , the entity owning the Guadalajara-Manzanillo Pipeline, to ESENTIA Energy Development affiliates for $560 million.
- With more than 30 years of history in Mexico, TC Energy remains the largest Canadian investor in the country, positioning this portfolio optimization sale within its long-term strategic focus.
- The 313-kilometre pipeline transports up to 500 MMcf/d of natural gas to power plants and industrial customers in Colima and Jalisco. President and Chief Executive Officer François Poirier said the transaction supports "disciplined capital allocation strategy."
- Anticipated to close in the first half of 2027, the deal remains subject to customary closing conditions and regulatory approvals. TC Energy and ESENTIA will collaborate to ensure a safe and orderly transition of operations.
- Following the transaction close, TC Energy will maintain its broader Mexico natural gas pipeline network, retaining approximately 3,300 kilometres of pipeline and 8.7 Bcf/d of installed transportation capacity across the region.
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35 Articles
35 Articles
Winnipeg Free Press+2 Reposted by 2 other sources
TC Energy selling Guadalajara-Manzanillo pipeline for $560 million
CALGARY - TC Energy Corp. says it has signed a deal to sell its Guadalajara-Manzanillo pipeline in Mexico to Esentia Energy Development for $560 million.
·Winnipeg, Canada
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·Manila, Philippines (the)
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Appalachian News-Express+9 Reposted by 9 other sources
ESENTIA Announces the Execution of an Agreement to Acquire the Guadalajara-Manzanillo Natural Gas Pipeline System, Connecting Existing System to the Port of Manzanillo
MEXICO CITY, Sept. 21, 2026 /PRNewswire/ -- ESENTIA Energy Development, S.A.B. de C.V. (BMV: ESENTIA) ("ESENTIA" or the "Company") today announced that it has entered into an agreement to acquire 100% of the equity interests of Energía Occidente de México,…
Brampton Guardian+7 Reposted by 7 other sources
TC Energy announces sale of Guadalajara-Manzanillo Pipeline
Generates cash proceeds of approximately $560 million (US$400 million)
·Brampton, Canada
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Total News Sources35
Leaning Left10Leaning Right3Center9Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 41%
14%
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