(Sempra, 14.Feb.2023) — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad, CFE), and Carso Energy, a subsidiary of Grupo Carso, announced today a Memorandum of Understanding (MOU) to advance a potential strategic alliance for the joint development of natural gas transportation infrastructure between the states of Sonora and Baja California, Mexico.
The agreement is intended to increase CFE’s electricity generation capacity and availability of natural gas in the northwest region of Mexico. This infrastructure would support the country’s energy security.
The length of the proposed natural gas pipeline would be approximately 281 miles and would be interconnected with the already existing “Samalayuca – Sásabe” and “Sásabe – Guaymas” transportation systems in Mexico, owned by affiliates of Carso Energy and Sempra Infrastructure, respectively. The strategic alliance would offer CFE’s power generation plants, industries, and consumers in the region a more secure, efficient, competitive, and reliable natural gas supply.
The MOU was signed by, Manuel Bartlett, CEO of CFE, Carlos Slim as a witness of honor, Tania Ortiz Mena, President of Sempra Infrastructure in Mexico, Miguel Reyes, CEO of CFE International and CFEnergía, and Gerardo Kuri, CEO of Carso Energy.
The referenced MOU is a preliminary, non-binding arrangement and the development of this project remains subject to a number of risks and uncertainties, including completing the required commercial agreements, securing all necessary permits, obtaining financing, and reaching a final investment decision, among other factors.
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