HomeMagazine2019August 2019, Vol. 246, No. 8Mexico’s CFE Looking to Renegotiate Several Pipeline Contracts

August 2019, Vol. 246, No. 8

Projects

Mexico’s CFE Looking to Renegotiate Several Pipeline Contracts

Mexican state power utility CFE said it try to negotiate a “fairer” resolution to contractual disputes with companies behind several pipelines yet to go into operation, and whose costs have been questioned by Mexico’s president. President Andres Manuel Lopez Obrador earlier this year vowed to respect contracts signed under the previous administration for the infrastructure, but the loss-making CFE is hoping to secure better terms for the projects. The dispute centers on seven projects undertaken by companies that include Mexican billionaire Carlos Slim’s infrastructure arm Grupo Carso, TransCanada Corp and Mexican energy firm IEnova, a unit of U.S. company Sempra Energy. CFE spokesman Lu

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