Samalayuca-Sásabe Gas Pipeline

From Global Energy Monitor

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Samalayuca-Sásabe Gas Pipeline is a natural gas pipeline currently under construction in Mexico.[1]

Location

The pipeline runs just south of the US-Mexico border from from Samalayuca, Chihuahua to Sásabe, Sonora. At its western end it connects with the Sásabe-Guaymas Gas Pipeline, and at its eastern end it connects with the San Isidro-Samalayuca Gas Pipeline.[2]

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Project Details

  • Operator: Carso Energy[3]
  • Parent Company: Grupo Carso S.A.B. de C.V. (100%)[3]
  • Current capacity:
  • Proposed capacity: 472 million cubic feet per day[4]
  • Length: 404 miles / 650 km[4]
  • Status: Construction
  • Financing: US$240 million bridge financing provided by BBVA, CaixaBank, MUFG and Mizuho[5]
  • Start Year: 2021[1]

Background

The pipeline has a diameter of 36 inches and is owned and operated by Mexico's Grupo Carso.[3][4] In December 2018 the project's sponsor announced that construction had been delayed and would not be complete until the second half of 2019.[6] The pipeline was reportedly 78% complete as of the end of 2018.[7] In September 2019 Mexican President Andrew Manuel Lopez Obrador reached a deal with seven private pipeline operators including the Carso group in which the operators agree to take 30% less in profits in exchange for changing fee structures to a single flat rate.[8]

In September 2019 it was reported that the pipeline would be completed in May 2020.[8] As of July 2020, pipeline operators still expected the pipeline to be complete in either late 2020 or early 2021[1], although a September 2020 report from Mexico's SENER (Secretary of Energy) showed that the pipeline was still only 81% complete.[9][10]

In its Q3 report dated October 21, 2020, project owner Grupo Carso reported that construction of the Samalayuca-Sásabe Gas Pipeline was completed in the third quarter of 2020 and that commercial operations would begin in December 2020 or January 2021.[3][11]

Financing

In July 2016, US$240 million bridge financing for the development of the pipeline was provided by BBVA, CaixaBank, MUFG and Mizuho.[5] This was followed up in March 2017 by an additional lending facility of US$535 million from BBVA, CaixaBank, MUFG, Mizuho and Sumitomo Mitsui Banking Corporation, with part of the proceeds going to repay the previous bridge financing.[12]

Articles and resources

References

  1. 1.0 1.1 1.2 U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system, Oil & Gas 360, July 6, 2020
  2. "Manifestación de Impacto Ambiental, Modalidad Regional "Proyecto Samalayuca - Sásabe" (pp 5, 6 & 11)" (PDF). SEMARNAT (Secretaría del Medio Ambiente y Recursos Naturales). 2015.
  3. 3.0 3.1 3.2 3.3 "Informe Consolidado Trimestre 3, Año 2020 (p 39)" (PDF). Grupo Carso S.A.B. de C.V. October 21, 2020.
  4. 4.0 4.1 4.2 "0767 CFE: Gasoducto Samalayuca – Sásabe". Proyectos México. Retrieved 2020-07-16.
  5. 5.0 5.1 Samalayuca-Sasabe Natural Gas Pipeline (650KM) Bridge Facility, IJGlobal, accessed Aug. 18, 2020
  6. Additional Mexico Pipe Delays to Prolong Bottlenecks for Permian, Genscape, Dec. 3, 2018
  7. Grupo Carso concluira gasoducto Samalayua-Sasabe, Opportimes, Jun. 17, 2019
  8. 8.0 8.1 Deal on Mexican natural gas pipeline reached, Chamber Business News, Sep. 18, 2019
  9. "Segundo Informe de Labores (p 54)" (PDF). SENER (Secretaría de Energía). September 1, 2020.
  10. "Tienen 3 ductos mínimo avance". El Norte. September 24, 2020.
  11. Espinosa, Claudia (October 28, 2020). "Mexico set for new Q4 natural gas import records despite headwinds". ICIS Explore.
  12. Samalayuca-Sasabe Natural Gas Pipeline (650KM) Additional Facility, IJGlobal, accessed Aug. 18, 2020

Related GEM.wiki articles

External resources

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