TC Energy Sells Guadalajara-Manzanillo Pipeline for $560 Million

CALGARY, Alberta, Sept. 21, 2026 /CourierPR/ -- TC Energy, a leader in North American energy infrastructure, spanning Canada, the U.S., and Mexico, has announced the sale of its Guadalajara-Manzanillo Pipeline to ESENTIA Energy Development, S.A.B. de C.V. for a gross purchase price of approximately $560 million (US$400 million). The 313-kilometre Guadalajara-Manzanillo Pipeline transports up to 500 million cubic feet per day (MMcf/d) of natural gas, connecting imported liquefied natural gas (LNG) supply near Manzanillo with continental gas supply near Guadalajara, serving power plants and industrial customers in the states of Colima and Jalisco.

This transaction, anticipated to close in the first half of 2027, is part of TC Energy's ongoing portfolio optimization strategy. The company aims to redeploy the proceeds from the sale towards high-value growth opportunities across its North American footprint. With more than 30 years of experience in Mexico and as the largest Canadian investor in the country, TC Energy remains committed to supporting the country's expanding energy needs, enhancing energy security, and fostering future economic development.

TC Energy's broader Mexico natural gas pipeline network, which includes approximately 3,300 kilometers of pipeline and 8.7 billion cubic feet per day (Bcf/d) of installed natural gas transportation capacity, will continue to be owned and operated by the company following the sale. This network plays a crucial role in delivering natural gas to communities and industries across the region.

TC Energy has a legacy of nation-building energy infrastructure and strong partnerships, working with communities, businesses, and leaders across its extensive energy network to create opportunities for the present and future generations. The company's common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP.

The transaction is subject to customary closing conditions, regulatory approvals, and consents. TC Energy and ESENTIA will work together to support a safe and orderly transition of operations of this critical natural gas system. Following the closing, TC Energy will continue to own and operate its broader Mexico natural gas pipeline network, including approximately 3,300 kilometers of pipeline and 8.7 Bcf/d of installed natural gas transportation capacity.

For over 75 years, TC Energy has proudly connected the world to the energy it needs, moving more than 30 percent of the natural gas used across the continent and connecting LNG exports to global markets. Complemented by strategic ownership and low-risk investments in power generation, TC Energy's infrastructure delivers affordable, reliable, and sustainable energy across North America.