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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.