A Look At The Companies Hoping to Build a $3.1 billion Natural Gas Pipeline in Mexico
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During a Thursday afternoon press conference, Tamaulipas Gov. Egidio Torre-Cantu announced the energy-rich border state and Mexico’s Federal Electricity Commission (CFE) signed a memorandum of understanding to collaborate on the project.
The CFE is investing $3.1 billion to build the Sur de Texas-Tuxpan Pipeline that will deliver natural gas from Texas to destinations in Mexico. Starting in the border city of Matamoros, the 523-mile pipeline will run underwater in the Gulf of Mexico to terminals in the port cities of Altamira, Tamalipas and Tuxpan, Veracruz.
According to government plans, the Sur de Texas-Tuxpan Pipeline will be supplied by natural gas from the Eagle Ford Shale using another natural gas pipeline that will be built connecting the Agua Dulce hub near Corpus Christi to the border city of Brownsville.
Federal officials have not selected a contractor but reported that the pipeline is expected to be operational by July 2018.
Tamaulipas officials reported that representatives from the following 19 companies attended an Oct. 23 informational meeting hosted in Altamira about the Sur de Texas-Tuxpan Pipeline:
- Abengoa (Spain)
- Arendal (Mexico)
- Fermaca Pipelines (Mexico)
- Grupo Cocomex (Mexico)
- ICA Flour (Mexico)
- Carso Electric (Mexico)
- Operadora CICSA (Mexico)
- Enbridge (Canada)
- IEnova (Mexico)
- Enagas (Spain)
- Grupo Protexa (Mexico)
- Halliburton (USA)
- Nuvoil (Mexico)
- Sbsea 7 (UK)
- Transportadora de Gas Natural (Mexico)
- Williams (USA)
- Techint (Italy/Argentina)
- Bechtel (USA)
- DeAcero (Mexico)
Out of the 19 companies, some of them recently made headlines on multimillion-dollar pipeline projects.
Canadian firm Enbridge has regional office in Houston but made headlines after reversing the flow of their Line 9B Pipeline. The project allowed oil extracted from the “tar sands” region of Alberta to flow to a refinery owned by San Antonio-based Valero Corp. (NYSE: VLO) in Quebec City.