FC reached for Mexican gas pipelines

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
FC reached for Mexican gas pipelines

Carso Energy, Energy Transfer Partners and MasTec Inc have closed US$1.15 billion in project financing for two Mexican gas pipelines projects.

The lenders are The Bank of Tokyo Mitsubishi / MUFG, Sumitomo Mitsui Banking Corp. (SMBC), BBVA Bancomer and Mizuho Bank Ltd.

The 42-inch pipelines will both originate at the Waha energy storage and transit hub west of Odessa, Texas. The projects involve the development and construction of the Waha-San Elizario and Waha-Presidio natural gas pipeline projects to carry gas for Mexico’s National Electricity Commission (CFE). 

A US$508 financing package covered the Waha-San Elizario gas pipeline and a US$647 million financing deal was used for the Waha-Presidio natural gas pipeline.

Shearman & Sterling advised Energy Transfer Partners, MasTec and Carso Energy, as sponsors. Milbank, Tweed, Hadley & McCloy LLP advised the lenders in the deal.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.