TransCanada completes Guadalajara pipeline

Mon Jun 20, 2011 11:20am EDT
 
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CALGARY, Alberta (Reuters) - TransCanada Corp, the country's largest pipeline company, said on Monday it has wrapped up work on the $360 million Guadalajara pipeline in Mexico, its second line in the country.

The 307 km (192 mile) line will carry as much as 500 million cubic feet of natural gas a day from a liquefied natural gas import facility near Manzanillo, Colima, on the country's Pacific coast, to nearby power plant.

A further 320 million cubic feet a day will be delivered into the pipeline system run by Pemex, the state-owned oil company at a connection near the city of Guadalajara in the state of Jalisco.

The line's capacity has been fully booked under a 25-year contract with Commission Federal de Electricidad, the state-owned power company.

TransCanada also owns the Tamazunchale pipeline in east central Mexico, a 130 km (81 mile) line that carries gas from Naranjos, Veracruz, to Tamazunchale in San Luis Potosi.

(Reporting by Scott Haggett)