HOUSTON, June 13, 2016 /PRNewswire/ -- Spectra Energy
Corp (NYSE: SE) today announced that its subsidiary, Valley
Crossing Pipeline, LLC, has been awarded a 168-mile intrastate
natural gas pipeline project by the Comisión Federal de
Electricidad (CFE) – Mexico's
state-owned utility serving 37 million customers – to provide
natural gas transportation services beginning in 2018 to meet
Mexico's growing electric
generation needs.
"Spectra Energy is pleased to have secured the bid to build and
operate this critical infrastructure, which will provide
clean-burning and reliable natural gas to support Mexico as its electric generators shift away
from fuel oil and imported LNG," said Bill
Yardley, president of U.S. Transmission and Storage for
Spectra Energy. "Successfully securing this project adds to our
already-strong asset portfolio, connects us to another key
demand-pull market, and brings us closer to our goal of securing
$35 billion in capital expansion
projects by the end of this decade, with approximately $20 billion either in execution or in service
since 2013."
Valley Crossing will construct and operate a header system of
more than 5 billion cubic feet per day (Bcf/d) near the Agua Dulce
Hub in Nueces County, Texas, as
well as a 2.6 Bcf/d pipeline originating at that header and
extending to Brownsville, Texas.
There, the pipeline will connect with the Sur de Texas – Tuxpan pipeline, which will extend into
Mexico.
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of
North America's leading pipeline
and midstream companies. Based in Houston, Texas, the company's operations in
the United States and Canada include more than 21,000 miles of
natural gas, natural gas liquids, and crude oil pipelines;
approximately 300 billion cubic feet (Bcf) of natural gas storage;
4.8 million barrels of crude oil storage; as well as natural gas
gathering, processing, and local distribution operations. Spectra
Energy is the general partner of Spectra Energy Partners (NYSE:
SEP), one of the largest pipeline master limited partnerships in
the United States and owner of the
natural gas and crude oil assets in Spectra Energy's U.S.
portfolio. Spectra Energy also has a 50 percent ownership in DCP
Midstream, the largest producer of natural gas liquids and the
largest natural gas processor in the
United States. Spectra Energy has served North American
customers and communities for more than a century. For more
information, visit www.spectraenergy.com.
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SOURCE Spectra Energy Corp