Aqueos Supports South Texas-Tuxpan Gas Pipeline
Aqueos Corporation said it has completed a major diving scope for the installation and commissioning of the South Texas-Tuxpan Gas Pipeline. The South Texas-Tuxpan Gas Pipeline is being constructed by a joint venture between TransCanada (60%) and Sempra Energy’s Mexican unit IEnova (40%), also known as Infraestructura Marina del Golfo (IMG). The $3.1 billion project is being sponsored by the Federal Electricity Commission (CFE) of Mexico.Carrying U.S. natural gas to Mexico from west Texas, this 42-in. pipeline is ~800km in length and runs offshore from Brownsville, Texas to a shore-end
Mexico's IEnova to Invest $800m
Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, will invest $800 million this year on eight projects, the company's chief executive said on Monday. Carlos Ruiz Sacristan said the most important project is an underwater pipeline between Texas and the Mexican Gulf port of Tuxpan. That project will require a total investment of $2 billion, and will be developed with TransCanada Corp. Speaking at an event at Mexico's stock exchange, he said IEnova will invest $500 million in the pipeline project. (Reporting by Roberto Aguilar)