TransCanada wins additional $400M contract to build natural gas pipeline

theflyonthewall.com

TransCanada announced that its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, was awarded the contract to build, own and operate the El Oro-to-Mazatlan Pipeline (Mazatlan Pipeline) in Mexico, following a successful bid to the Comision Federal de Electricidad, or CFE, Mexico's federal power company. The Mazatlan Pipeline project, with an estimated investment of approximately US$400 million by TransCanada, will begin at El Oro and end in Mazatlan, in the state of Sinaloa. The 24-inch diameter pipeline will be approximately 413 kilometres, or 257 miles, long and have contracted capacity of 202 million cubic feet a day. The pipeline is expected to be in service in Q4 of 2016. It will interconnect with the El Encino-to-Topolobampo Pipeline that TransCanada was awarded the contract to build, own and operate last week at an estimated cost of $1.0B. Construction of the two new pipelines is supported by 25-year natural gas transportation service contracts with the CFE.

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