Infraestructura Energética Nova, S.A.B. de C.V., (IEnova) reached an agreement with the Federal Electricity Commission (CFE) in relation to the Transportation Service Agreements corresponding to the Guaymas – El Oro pipeline, and the Sur de Texas – Tuxpan marine pipeline, the latter jointly developed with TC Energy.
The contracts could save the country up to $4.5 billion, according to President Andres Manuel Lopez Obrador.
These agreements arise from both parties’ commitment to adequately utilize existing infrastructure that is essential for the industry and millions of Mexicans.
The agreements establish a new tariff structure and consider a 10-year extension for both contracts. These agreements satisfy both parties’ interests and allow a benefit for the CFE, while maintaining the overall integrity of the original contracts.
Additionally, CFE has committed to provide support to resume operations in the Guaymas – El Oro pipeline, including the respectful dialogue with the Yaqui community, as well as the commitment for the immediate start of commercial operations of the Sur de Texas – Tuxpan marine pipeline.
Sempra Energy has issued the following statement in response to agreements: “Sempra Energy is pleased that IEnova was able to reach a mutually agreeable resolution to the contracts with CFE on these important pipelines.
“The Sur de Texas-Tuxpan and Guaymas-El Oro pipelines are among Mexico’s most important infrastructure projects, bringing more reliable supplies of clean U.S. natural gas to Mexico to help meet the growing energy needs of the country for generations to come.”