TC Energy Sells Guadalajara-Manzanillo Pipeline for $400 Million

TC Energy Corporation entered into an agreement to sell Energía Occidente de México, the owner of the Guadalajara-Manzanillo Pipeline, to affiliates of ESENTIA Energy Development, S.A.B. de C.V. for a gross purchase price of $560 million (US$400 million).

The 313-kilometre pipeline transports up to 500 MMcf/d of natural gas to industrial customers and power plants in the Mexican states of Colima and Jalisco. The transaction is expected to close in the first half of 2027, pending customary closing conditions and regulatory approvals.

TC Energy intends to use the proceeds to fund growth opportunities across its North American footprint. Following the sale, the company will retain its broader Mexico natural gas pipeline network, which spans approximately 3,300 kilometres. CEO François Poirier stated the transaction reflects a focus on portfolio optimization and long-term value creation.