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Mexico: Sempra Energy responds to regulator’s decision on PEMEX

By  |  December 21, 2015

Sempra Energy announced that its Mexican subsidiary, Infraestructura Energética Nova and Petróleos Mexicanos will move forward to address and resolve issues raised by Mexico’s antitrust commission concerning IEnova’s purchase of PEMEX’s 50-percent equity interest in the Gasoductos de Chihuahua joint venture.

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    Mexico’s Comisión Federal de Competencia Económica rejected the transaction as proposed and specified that, based upon previous antitrust rulings on PEMEX’s indirect ownership of the TDF liquid petroleum gas pipeline and the San Fernandopipeline, these assets must be offered by PEMEX in a competitive bidding process as a prerequisite for approval of any transaction involving these two assets.

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    The commission’s decision does not object to IEnova’s acquisition of the assets on a market concentration basis.

    Full content: PR Newswire

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