TC Energy Corp. sees “a wealth of untapped demand” for natural gas in Mexico to be unlocked over the next decade, said Stanley Chapman III, the firm’s president for U.S. and Mexico natural gas pipelines, on Wednesday.

Mexico TC

“As demand across our backbone system in the heart of Mexico continues to emerge, future in-corridor expansions will be driven by building new laterals and interconnects to industrial and commercial end-users, by expanding our existing pipelines to meet demand, and by debottlenecking our existing infrastructure,” Chapman told shareholders during the Canadian pipeline giant’s annual investor day. These three opportunity sets could generate a combined $1 to $2 billion of new capital investments by 2025. 

“The larger opportunity, however, lies in the...