IEnova keeps pipeline contract

IEnova keeps pipeline contract

Economy & Policy Project & Infrastructure Finance Energy Gas Regulation Politics Mexico US

IEnova said it has reached an agreement with Mexico's state-owned electric company CFE to resume operations at the Guaymas-El Oro natural gas pipeline within four months to avoid early termination of the concession contract. The CFE said in February this year that it wanted to review the natural gas supply contracts with IEnova, Grupo Carso and TransCanada to keep a lid on energy prices. The utility company said at the time that it is contractually obliged to pay MXN16bn ($816m) in 2019 for pip

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