TC Energy (NYSE:TRP) has reached an agreement with Mexico to build a $5B gas pipeline in Veracruz state on the Gulf of Mexico coast, a senior foreign ministry official said on Friday, according to Reuters.
TC Energy (TRP) and Mexican state-owned power company CFE reportedly reached an agreement for the pipeline, which would connect the ports of Tuxpan and Coatzacoalcos.
TC Energy (TRP) consistently generates stable, utility-like returns with the potential for commodity price upside, HFIR MLPs wrote earlier this year in an analysis published on Seeking Alpha.