| TransCanada Mexico
TransCanada Mexico
| TransCanada Mexico
TransCanada Mexico was the first private company to produce and operate pipelines in Mexico, and currently invests more than US$5bn in the Mexican market. The company announced its opening of...
Calgary-based TransCanada operates a network of natural gas pipelines covering over 90,000km in North America. After the Mexican energy market opened to private investment in the mid-1990s, TransCanada Mexico became the first private company to construct and operate natural gas pipelines in Mexico. As part of growing the business in Mexico, TransCanada has recruited promising legal talent in the last two years for the domestic legal teams, such as senior counsels Ana Gabriela Alejandro Olmeda and Gabriela Montaño. The result of this development has so far been extremely successful. By June 2016 the company announced that Infraestructura Marina del Golfo (IMG), its joint venture with IEnova, was awarded the contract to build, own and operate the $2.1bn Sur de Texas-Tuxpan natural gas pipeline in Mexico under a 25 year project. Following the successful tender, the legal team helped to negotiate and secure a joint venture with Mexican company Sierra Oil & Gas to build an $800m marine terminal and pipeline in the port of Tuxpan. Eight months previously, the legal team had already helped TransCanada secure awards for the Tuxpan-Tula and the Tula-Villa de Reyes pipelines, further demonstrating the legal department as a real contributor to the company’s expanding Mexico portfolio.