TransCanada: Mexico Is A Bigger Deal Than The Keystone -- November 17, 2017

BloombergBusiness, today, writes that TransCanada will build the Tuxpan to Tula natural gas pipeline in Mexico:

TransCanada won the rights last week for its sixth pipeline in Mexico, one of the company’s key targets for growth. The Nov. 10 decision came four days after the U.S. denied TransCanada’s bid to build its Keystone XL oil sands project across the border into Nebraska where it would connect to existing pipes leading to Gulf Coast refineries.

That's what it says, TransCanada's "sixth pipeline in Mexico."

But just a few days ago, Oil & Gas Journal wrote:

By 2018, with Tuxpan-Tula, TransCanada will have five major pipeline systems, with $3 billion invested in Mexico.

Yes, I checked that several times, and "cut and copied" it directly to the blog.

So BloombergBusiness says this will be TransCanada's sixth, and Oil & Gas Journal says it will TransCanada's fifth pipeline in Mexico.

Other data point points from the BloombergBusiness article:

• TransCanada beat out Carlos Slim's Grupo Carso and Sempra Energy for this pipeline
• TransCanada now holds the rights to develop and operate 2,000 kilometers of pipelines in Mexico
• TransCanada currently only operates gas pipelines in Mexico but wants to expand to oil and power generation
• with Mexico much less difficult to deal with, TransCanada argues that Mexico is a bigger deal than the Keystone XL
• the company said it plans to extend its dividend growth plan of 8 to 10 percent annually through 2020 as more and more Mexican projects come on line
• there is little pushback in Mexico once the government approves a project
• Mexico plans to expand its pipeline infrastructure 75% by 2018 and is seeking as much as $10 billion in investment for 24 new projects in the short term

And then this:

• Mexico is planning to hold as may as five pipeline auctions before the end of January, 2016, and TransCanada will look at all of them.

After all, with the Keystone XL killed, TransCanada has other eggs to fry, or whatever the idiom is.

Pipeline, The Ventures