Calgary-based TC Energy strikes $560M deal to sell Mexican natural gas pipeline

TC Energy Corp. (TRP-T) agreed to sell its Guadalajara-Manzanillo pipeline in Mexico to Esentia Energy Development for $560 million. The 313-kilometer pipeline transports up to 500 million cubic feet per day of natural gas. The sale is part of TC Energy's portfolio optimization strategy, with the deal expected to close in the first half of 2027, subject to approvals.

TC Energy agreed to sell its Guadalajara-Manzanillo Pipeline in Mexico to ESENTIA Energy Development for $400m. The deal, expected to close in early 2027, covers the entire equity interest. TC Energy will retain other Mexican pipelines. ESENTIA plans to integrate the pipeline into its network, expanding its cross-border system. According to TC Energy, the sale supports portfolio optimization and capital allocation strategy.

TC Energy (TRP) agreed to sell Energía Occidente de México, which owns the Guadalajara-Manzanillo Pipeline, to ESENTIA Energy affiliates for C$560 million. The deal is expected to close in the first half of 2027. TC Energy will retain its broader Mexico natural gas pipeline network. The sale supports the company's portfolio optimization and capital allocation strategy, according to the CEO.

TC Energy (TRP) agreed to sell its Mexican gas pipeline to Esentia Energy for approximately $400M. The 313-km pipeline transports up to 500M cf/day of natural gas. According to the company, the deal is expected to close in the second quarter of 2024.

TC Energy (TRP) agreed to sell the Guadalajara-Manzanillo Pipeline to ESENTIA for $560 million (US$400 million), expected to close in early 2027. The deal will generate cash proceeds for redeployment into growth opportunities across North America, according to the company.

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