Mexican competition authorities have cleared a $500 million deal by Sempra Energy’s local subsidiary to increase its stake in the Los Ramones II Norte natural gas pipeline, the company said last week.
Ramones
Articles from Ramones
Sempra’s IEnova Buys Pemex Stake in Los Ramones II Norte Gas Pipeline
In its latest move to expand a multi-billion-dollar stake in Mexico, San Diego-based Sempra Energy’s Mexican subsidiary, Infraestructura Energetica Nova SAB de CV (IEnova) acquired an additional 25% interest in the Los Ramones II Norte natural gas pipeline from Petróleos Mexicanos (Pemex) for $231 million, plus assumption of outstanding debt.
October 10, 2017
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