NET Mexico Gas Pipeline
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
NET Mexico Gas Pipeline, also called the Agua Dulce Pipeline, is an operational natural gas pipeline.[1]
Location
The pipeline runs from Nueces County, Texas, to Rio Grande City, Texas.
Project Details
- Owners: NET Midstream (90%), MGI Enterprises (10%)[2]
- Parent Company: NextEra Energy Partners (90%), Pertroleos Mexicanos (PEMEX) (10%)
- Current capacity: 2100 Million cubic feet per day[3]
- Length: 124 miles / 200 km[3]
- Diameter: 42 inches[3]
- Status: Operating
- Start Year: 2014
- Cost: $760 million
- Financing: US$664 million in debt financing from MUFG, BBVA, Crédit Agricole, ING, Natixis, NordLB, Royal Bank of Canada and Santander[4]
Background
NET Mexico transports gas from the Agua Dulce Natural Gas Hub in Nieces County, Texas, to a point near Rio Grande City, Texas. The system supplies gas to Mexico from the Eagle Ford Shale Oil Field. [5] On the Mexican side of the border, the project includes 1,247ft of 48in-diameter pipeline, allowing NET Mexico to connect with Mexico's Gasoducto Los Ramones.[6][7]
Construction of the pipeline began in February 2014 which was completed in October 2014, and the pipeline began operations the next month.[6]
In 2015, NextEra Energy Partners acquired NET Midstream giving it 90% ownership of the pipeline alongside PEMEX subsidiary MGI Enterprises with 10% ownership.[2] IN may 2023, it was reported that NextEra planned to sell its gas pipeline assets to transform into pure-play renewables investment.[8][9]
Financing
Prior to its commissioning, in 2013 the project received US$664 million in debt financing from MUFG, BBVA, Crédit Agricole, ING, Natixis, NordLB, Royal Bank of Canada and Santander.[4] In July 2016, the new owners NextEra Energy Partners and MGI Enterprises secured US$640 million in refinancing for the project from Bank of Tokyo-Mitsubishi UFJ, Canadian Imperial Bank of Commerce, ING, Caixabank, NordLB, Société Générale, Santander, Helaba and Banco Sabadell.[10]
Articles and resources
References
- ↑ NET Mexico Gas Pipeline, A Barrel Full, accessed September 2017
- ↑ 2.0 2.1 NextEra Energy Partners, LP completes the acquisition of natural gas pipelines in Texas, PR Newswire, Oct. 15, 2020
- ↑ 3.0 3.1 3.2 "Natural Gas Data - U.S. Energy Information Administration (EIA)". www.eia.gov. Retrieved 2023-08-28.
- ↑ 4.0 4.1 Agua Dulce Pipeline (200KM), IJGlobal, accessed Aug. 18, 2020
- ↑ NET Midstream Announces 124-mile, 42" Eagle Ford Shale Pipeline System to Mexico and Award of Long Term 2.1 Bcf/d Transportation, Killajoules, accessed January 2018
- ↑ 6.0 6.1 "NET Mexico Pipeline Project, Texas - Hydrocarbons Technology". Hydrocarbons Technology. Retrieved 2023-08-28.
- ↑ "IEnova's $500M Los Ramones II Pipeline Deal Receives Mexico Competition Committee Green Light - Natural Gas Intelligence". Natural Gas Intelligence. November 14, 2017.
- ↑ "NextEra to Sell Eagle Ford, Pennsylvania Pipelines, Shift to Renewables Only". Yahoo Finance. Retrieved 2023-08-28.
- ↑ "NextEra to Sell Gas Pipeline Assets". Retrieved 2023-08-28.
- ↑ Agua Dulce Pipeline (200KM) Refinancing, IJGlobal, accessed Aug. 18, 2020
