TransCanada to start $2 billion pipeline project in the Gulf of Mexico

TransCanada Corporation and it’s joint ventures with IEnova, Infraestructura Marina del Golfo (IMG), have been chosen for a $2.1 billion project to build and own Sur de Texas-Tuxpan, a natural gas pipeline in Mexico.

The pipeline route will transport natural gas from the underwater Gulf of Mexico, through South Texas, to Tuxpan, Veracruz. The project is backed by a 25-year-old contract with the Comisión Federal de Electricidad (CFE), Mexico’s power company. The pipeline is expected to be 800 km long and 42-inches in diameter.

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