Recent laws opening up Mexico to natural gas imports have the US industry scrambling for a piece of the pie, said a recent report by the Chicago Tribune.
The report detailed more than $10b in planned or current investments in the sector, especially in pipeline construction.
A separate report by Oil & Gas Financial Journal stated that Florida-based Nextera Energy Partners has agreed to purchase NET Midstream for $2.1b. The deal allows Nextera to consolidate control over gas exports to Mexico, as the portfolio purchase includes seven major pipelines in Texas.
The pipelines have a combined capacity of 3bcf/d and transport gas to and from some of the largest markets in Texas, including the Eagle Ford Shale formation and the Houston metropolitan area.