The company ESENTIA Energy Development acquired 100% of Energía de Occidente de México (EOM), a subsidiary of the Canadian firm TC Energía, for 400 million dollars, in a transaction announced on September 22, 2026 that hands it control of the 313-kilometer Guadalajara-Manzanillo pipeline. ESENTIA's board of directors approved the purchase on September 4, according to Energía a Debate.

The pipeline runs from the Guadalajara metropolitan area, in Jalisco, to the port area of Manzanillo, in Colima. It is interconnected with the Villa de Reyes-Aguascalientes-Guadalajara corridor, owned by ESENTIA Pipeline de Occidente, which in turn links to the El Encino-La Laguna and Tarahumara Pipeline systems, through which gas enters from Waha, in the Permian Basin of South Texas. The transaction became public after a negotiation process conducted under confidentiality between the two parties. With the purchase, ESENTIA Energy becomes the owner of the stretch that carries that gas to the coast of Colima, in the west of the country. The transaction was reported by BNamericas and El Financiero on the same day, September 22.

Daniel Bustos, chief executive officer of ESENTIA Energy, said the acquisition "will expand ESENTIA's capacity to serve current and potential customers within the area of influence of the combined system, including demand from power generation, industrial customers and possible projects related to liquefied natural gas (LNG)." The company added that integrating the gas transport systems will generate operating efficiencies, lower structural costs and a more flexible commercial margin for supply at competitive rates, according to Energía a Debate. El Financiero reported that Citigroup provided financial advice and that the payment will be covered with liquidity and credit lines already available, without increasing gross debt.

The purchase and sale will be signed with TC Energy's subsidiaries in Mexico, TC Energía Mexicana and TCPL CentrOriente. The transaction remains subject to approval by Mexico's energy and competition regulatory authorities. Once closed, ESENTIA Energy will file the information prospectus with the securities markets within no more than 80 calendar days.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.