Mergers & Acquisitions ·
TC Energy agrees to sell Guadalajara-Manzanillo Pipeline for $560M
TCENFTC Energy Corp
TC Energy Corporation announced an agreement to sell Energía Occidente de México (EOM), the entity owning the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development for a gross purchase price of $560 million (US$400 million). The 313-kilometre pipeline transports up to 500 MMcf/d of natural gas. The transaction is anticipated to close in the first half of 2027, subject to customary closing conditions and regulatory approvals. TC Energy intends to redeploy the proceeds towards accretive growth opportunities across its North American footprint. TC Energy operates as a leader in North American energy infrastructure, moving natural gas and connecting LNG exports.