Thursday, February 27, 2025

IEnova Ups Stake in Mexican Natural Gas Pipeline

Posted by October 6, 2017

File Image: A typical natural gas pipeline header / (CREDIT: AdobeStock / (c) Pisotckii)

Mexico's Infraestructura Energetica Nova (IEnova) said Friday it had acquired state oil firm Pemex's stake in the joint venture Ductos y Energeticos del Norte, increasing its participation in the second phase of a key natural gas pipeline.

As a result of the transaction, IEnova's indirect stake in the project known as Ramones II North, will increase to 50 percent from 25 percent, said IEnova, a unit of U.S.-based Sempra Energy. The value of the operation is approximately $520 million, the company said.
 
Reporting by Julia Love and Veronica Gomez

Related News

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.