Mexico reaches pipeline agreements

Mexico reaches pipeline agreements

Economy & Policy Regulation Politics Energy Gas Project & Infrastructure Finance Mexico United States Canada

The Mexican government has reached agreements with three natural gas pipeline operators, putting an end to contract reviews that the federal electric utility company CFE started in February. With the renegotiated contracts, the government will save around $4.5bn, President Andrés Manuel López Obrador said in a morning press conference on Tuesday. Grupo Carso, owned by billionaire Carlos Slim, was the first company to come to terms and "set the tone to reach the subsequent agreements" with IEnova

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