TransCanada Wins $1B Pipeline Contract From Mexico

Law360, New York (November 1, 2012, 1:36 PM EDT) -- Oil and gas giant TransCanada Corp. has secured a contract from the Mexican government to build a CA$1 billion (US$1 billion) pipeline to transport gas to the port city of Topolobampo in southwest Mexico, TransCanada said Thursday.

The Calgary, Alberta-based firm said its Mexican subsidiary, Transportadora de Gas Natural del Noroeste, was awarded the contract by the Comision Federal de Electricidad, Mexico's power company. TransCanada will invest roughly $1 billion in the pipeline, which will be financially supported by a 25-year natural gas transportation service contract...
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