TC Energy Celebrates Milestone with Southeast Gateway Pipeline Launch
TC Energy's Southeast Gateway Pipeline Takes Off
CALGARY, Alberta — TC Energy Corporation (TSX, NYSE: TRP) proudly announces its significant milestone in the energy sector. The company has officially commenced collecting tolls from the Comisión Federal de Electricidad (CFE) for its newly constructed Southeast Gateway pipeline. This project represents a monumental achievement in providing essential energy infrastructure.
Details of the Project
The Southeast Gateway pipeline spans an impressive 715 kilometers and boasts a capacity of 1.3 billion cubic feet per day. Remarkably, the final project cost came in around US$3.9 billion, which is about 13 percent under the original budget. This accomplishment emphasizes TC Energy's commitment to effective resource management and timely project completion.
Constructed in less than three years, the Southeast Gateway pipeline holds the distinction of being the first substantive energy infrastructure initiative carried out under a successful public-private partnership with the CFE. This strategic collaboration demonstrates TC Energy's dedication to fostering partnerships that contribute to the energy landscape of Mexico.
Supporting Mexico's Energy Sector
In a statement that highlights the project's impact, TC Energy's President and CEO, François Poirier, acknowledged the collective efforts of the team, the CFE, and the Ministry of Energy (SENER). He expressed pride in how the Southeast Gateway pipeline aligns with Mexico's growing energy demands while supporting economic development.
Future Initiatives
Looking ahead, the Government of Mexico has ambitious plans to enhance its energy infrastructure by adding approximately 8.5 gigawatts of capacity through natural gas power plants. The Southeast Gateway pipeline, alongside other TC Energy assets in Mexico, is strategically positioned to support this green transition, leading to a more reliable and lower-emission energy future.
About TC Energy
At TC Energy, our mission extends beyond merely delivering energy. We are a dedicated team of over 6,500 individuals, working diligently to connect communities with the energy they require. Our extensive and unique network of natural gas infrastructure is designed to transport, generate, and store energy, thereby meeting the needs of households and businesses across North America and beyond.
Our presence in the energy market is further reinforced by our strategic investments in power generation, which complement our natural gas operations. The company remains steadfast in its commitment to sustainable practices and innovative solutions that elevate the industry standards.
Engagement and Communication
As a publicly traded entity, TC Energy invites investors and interested individuals to engage with us. Our common shares are available on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker TRP. For more information on our projects, updates, or inquiries, please reach out through our official channels.
Media and Investor Inquiries
For media-related inquiries, you can reach our Media Relations team via email at media@tcenergy.com or at 403-920-7859. For investor relations, Gavin Wylie or Hunter Mau can be contacted at investor_relations@tcenergy.com or by calling 403-920-7911.
Frequently Asked Questions
What is the Southeast Gateway pipeline?
The Southeast Gateway pipeline is a 715-kilometer natural gas pipeline capable of transporting 1.3 billion cubic feet per day, supporting Mexico's energy needs.
How much did the Southeast Gateway pipeline cost?
The total cost for the project is approximately US$3.9 billion, which is 13% under the original estimate.
Who uses the Southeast Gateway pipeline?
The pipeline primarily serves the Comisión Federal de Electricidad (CFE) and is intended to accommodate additional users in the future.
How does this project support Mexico's economy?
The pipeline supports economic growth by providing essential energy resources for development, enabling the expansion of natural gas power generation.
Where can I find more information about TC Energy?
More information on TC Energy and its operations can be found on the company's official website at TCEnergy.com.
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