IEnova boosts stake in Ramones II Norte gas pipeline

Sempra Energy-owned IEnova has bought a 25% indirect stake in the Ramones II Norte gas pipeline held by Pemex.
By Staff reporter 9 October 2017 0 27900

Sempra Energy-owned IEnova has bought a 25% indirect stake in the Ramones II Norte gas pipeline held by Mexico’s state giant Pemex, boosting the United States-based company’s stake to 50%, the Financial Times has reported.

IEnova bought the stake held by Pemex Transformación Industrial – Pemex’s downstream unit – in the Ductos Energéticos del Norte company.

The deal was worth $520 million.

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