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)
'Force Majeure' Declared on Damaged Mexican Gas Pipeline
power utility CFE has declared 'force majeure' on imports into the Manzanillo liquefied natural gas (LNG) terminal after Hurricane Manuel damaged a pipeline, reports Reuters, citing a source with knowledge of the incident. The line in question, the Guadalajara Pipeline, is owned by pipeline company TransCanada Corp and transports natural gas in a gaseous state to the terminal at Manzanillo. The damaged section of the TransCanada pipeline is located near the town of El Bordo, about 125 km (80 miles) inland from the port of Manzanillo, in Colima state. The Manzanillo LNG terminal, with a capacity of