TC Energy to Sell Mexican Gas Pipeline for $400 Million
By Katherine Hamilton
TC Energy entered an agreement to sell Energía Occidente de México, the entity that owns the Guadalajara-Manzanillo Pipeline, to affiliates of Esentia Energy Development.
Energy-infrastructure company TC Energy is selling the entity for 560 million Canadian dollars, which is equal to about US$400 million.
The deal is slated to close in the first half of 2027, TC Energy said Monday.
The Guadalajara-Manzanillo Pipeline transports up to 500 million cubic feet a day of natural gas, connecting imported liquid natural gas supply and continental gas supply to power plants and industrial customers in the Mexican states of Colima and Jalisco.
TC Energy Chief Executive François Poirier said the deal reflects the company's focus on portfolio optimization. It will support disciplined capital allocation and create the option to move assets from a mature asset to more high-value opportunities, Poirier said.
TC Energy will continue to own and operate its broader Mexico natural gas pipeline network.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
September 21, 2026 19:34 ET (23:34 GMT)
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