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Canada’s TC Energy TRP-T has agreed with Mexico to build a $5-billion gas pipeline in the Mexican Gulf Coast state of Veracruz, senior foreign ministry official Roberto Velasco said on Friday.

Velasco was speaking at an event hosted by the Canadian embassy in Mexico City. The pipeline will connect the ports of Tuxpan and Coatzacoalcos, a separate source familiar with the matter said, adding the agreement for the pipeline was between TC Energy and Mexico’s state-owned power company CFE.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 06/03/26 4:00pm EST.

SymbolName% changeLast
TRP-T
TC Energy Corp
-0.75%86.59
TRP-N
TC Energy Corp
-0.14%63.72

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