Concho-Progreso Gas Pipeline

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Concho-Progreso Gas Pipeline is a proposed natural gas pipeline running from Texas, USA into Mexico.[1] There has been no news about the pipeline in more than two years, and the project is presumed to be shelved.

Location

The proposed pipeline would run from Banquete, Texas, USA to Los Ramones, Nuevo León, Mexico.[2]

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Project Details

  • Owner: Mirage Energy (100%)[3][4]
  • Capacity:
  • Length: 250 mi[5] (402 km)
  • Diameter: 42 inches[5]
  • Status: Shelved
  • Start Year:

Background

The Concho-Progreso gas pipeline is a project of Texas-based Mirage Energy. According to Mirage Energy's website and the company's most recent filings with the SEC, the proposed pipeline would measure approximately 250 miles in length[5], subdivided into the following components:

  • a 7.1-mile 42” bi-directional U.S. pipeline termed the Concho Connector which proposes to tie into the Banquete and Agua Dulce headers
  • a 39.1-mile 42” bi-directional U.S. pipeline known as the Concho Extension linking the Concho Connector and its tie-ins to the Company’s Concho line
  • a 93.9-mile 42” bi-directional U.S. pipeline known as the Concho Line connecting the Company’s proposed international crossing at Progreso to Transcos’ South Texas mainline near Falfurrias, Texas
  • a proposed international crossing termed the Progreso Crossing between Texas and Mexico beneath the Rio Grande River near Progreso, Texas in Hidalgo County to connect to the Concho and Progreso lines
  • a 36-mile 42” bi-directional Mexico pipeline termed the Progreso Line connecting to the Company’s proposed Progreso international crossing to Station 19 on Sistrangas
  • a 67-mile 42” bi-directional Mexico pipeline termed the Progreso Extension connecting the Progreso Line to the Los Ramones interconnect on Sistrangas; and
  • a 14-mile bi-directional pipeline known as the Storage Line connecting the Progreso Crossing to the Brasil Storage Field in Tamaulipas, Mexico.[4][5]


The pipeline is associated with the proposed Burgos Hub Storage, a US-Mexico development consisting of cross-border transportation and the first underground natural gas storage facility in Mexico.[1]

Cost for the project was estimated at US$1.2 billion in 2019[2], and in June 2020, Mirage Energy signed a financing arrangement with Bluebell International.[1]

Mirage Energy continued to list the pipeline as an active project on its SEC Form 10-K for the period ending July 31, 2021.[5] However, given the absence of substantial subsequent news, the project is presumed to be shelved.

Articles and resources

References

  1. 1.0 1.1 1.2 Mirage Energy Corporation and Northern Hemisphere Logistics, Inc. Sign $4 Billion Debt Financing With Bluebell International, LLC for Development of Three Projects Including Pipelines, Natural Gas Storage and Isthmus Corridor Project, Global News Wire, June 17, 2020
  2. 2.0 2.1 "Mirage MOU to Fund $1.B US-Mexico Gas Pipeline, Storage Project". NGI (Natural Gas Intelligence). April 5, 2019.{{cite web}}: CS1 maint: url-status (link)
  3. Asset Data, IJGlobal, accessed Aug. 27, 2020
  4. 4.0 4.1 "Welcome to Mirage Energy: US Pipelines, Mexico Pipelines". Mirage Energy.{{cite web}}: CS1 maint: url-status (link)
  5. 5.0 5.1 5.2 5.3 5.4 "Mirage Energy Corp 2021 Annual Report 10-K". SEC. July 31, 2021.{{cite web}}: CS1 maint: url-status (link)

Related GEM.wiki articles

External resources

External articles