TransCanada said it would build and operate a $2.1 billion natural gas pipeline in Mexico, as the Canadian company ramps up in the Latin American country at a time when its key projects closer to home are facing delays.
TransCanada TRP -0.02% said on Monday the Sur de Texas-Tuxpan pipeline project would be built through a joint venture with a unit of Sempra Energy SRE 0.12% and be backed by a 25-year transportation service contract with Mexico’s state-owned power company.
