El Paso closes $300MM sale of Mexican pipeline assets to Sempra

Source: El Paso

El Paso Corporation (EP) has closed the previously announced sale of its interests in Mexican pipeline and compression assets to Sempra Pipelines & Storage, a unit of Sempra Energy (SRE), 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.

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