TC Energy announces sale of Guadalajara-Manzanillo Pipeline
TC Energy has agreed to sell Energía Occidente de México (EOM), the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development for a gross purchase price of $560 million (US$400 million). The 313-kilometre pipeline moves up to 500 MMcf/d of natural gas, connecting imported LNG supply near Manzanillo and continental gas supply near Guadalajara to power plants and industrial customers in Colima and Jalisco. Closing is anticipated in the first half of 2027, subject to regulatory approvals and consents. Management framed the sale as portfolio high-grading, with proceeds to be redeployed toward accretive growth across the North American footprint.
Key figures
- Deal Value Usd
- 400000000
- Expected Close
- first half of 2027
- Pipeline Length Km
- 313
- Gross Purchase Price
- $560 million (US$400 million)
- Pipeline Capacity Mmcfd
- 500
- Remaining Mexico Pipeline Km
- 3300
- Remaining Mexico Capacity Bcfd
- 8.7
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.