Consortium Including Slim's Carso Energy Wins Contract for Texas Pipeline

Vallarta Business News
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

 carso energy

Mexican multi-billionaire Carlos Slim's Carso Energy and its consortium partners have been awarded another contract for a natural gas pipeline that will originate in western Texas and run to the U.S.-Mexico border.

The consortium made up of Carso Energy, a unit of Slim's Grupo Carso industrial conglomerate; and two U.S. companies - Energy Transfer Partners and MasTec, Inc. - won the contract for the pipeline to transport natural gas from the Waha Hub to the U.S.-Mexico border near San Elizario, Texas, Mexican state electric utility CFE said in a statement Wednesday.

It presented a $596.3 million bid, which the CFE said offered a "high technical level and the lowest economic cost."

The project involves the design, engineering, delivery, construction, operation and maintenance of the natural gas pipeline, which will be 42 inches in diameter and have the capacity to transport 1.14 billion cubic feet of gas per day.

Because the contract involved services hired in the United States, the bidding process conformed to tender procedures in that country, the CFE said.

The new Waha-San Elizario pipeline - expected to begin operating in January 2017 - will connect with the planned San Isidro-Samalayuca gas conduit in the northern border state of Chihuahua.

Earlier this month, that same consortium won another contract to build a pipeline bringing natural gas from Texas to northern Mexico.

That pipeline - known as Waha-Presidio and expected to begin operating in March 2017 - will connect with the planned Ojinaga-El Encino gas conduit, which will transport natural gas in Chihuahua state.

The pipelines are "part of a strategy to reduce costs in the generation of electric power, replacing refined oil fuel with natural gas, which is cheaper and less polluting," the CFE says.


[readon1 url="http://latino.foxnews.com/latino/news/2015/01/29/consortium-including-slim-carso-energy-wins-contract-for-texas-pipeline/"]Source:latino.foxnews.com[/readon1]

Sign up via our free email subscription service to receive notifications when new information is available.