El Paso Corporation Closes Sale of Mexican Pipeline Assets

Monday, May 03, 2010

El Paso Corporation announces that it has closed the previously announced sale of its interests in Mexican pipeline and compression assets to Sempra Pipelines & Storage, a unit of Sempra Energy, for $300 million. The sale included El Paso's 50 percent interest in a joint venture with the Mexican state oil company, Pemex, which owns various pipeline assets in northern Mexico close to the Texas border, as well as a 100-percent owned pipeline that originates at the Arizona border.

---

© OilVoice - http://www.oilvoice.com/n/El Paso Corporation Closes Sale of Mexican Pipeline Assets/5b9a3cce0.aspx