November 8, 2019 / 6:45 PM / a month ago

U.S. development agency to finance Mexico natural gas pipeline

Senior Advisor for the Western Hemisphere Kristie Pellecchia, U.S. Ambassador to Mexico Christopher Landau, CEO of the U.S.Overseas Private Investment Corporation (OPIC) Adam S. Boehler, Mexico's Foreign Minister Marcelo Ebrard and Mexico's Deputy Foreign Minister for North America Jesus Seade attend the signing of a letter of interest to support critical energy Infrastructure in Southern Mexico, in Mexico City, Mexico November 8, 2019. REUTERS/Luis Cortes

MEXICO CITY (Reuters) - U.S. development financier the International Development Finance Corporation (DFC) said on Friday it had signed a letter of interest to finance a natural gas pipeline in southern Mexico.

Adam Boehler, chief executive officer of the DFC, which is replacing OPIC, the Overseas Private Investment Corporation (OPIC), announced the agency’s plan during a meeting with Mexican Foreign Minister Marcelo Ebrard in Mexico City.

In a statement, the U.S. embassy in Mexico said the so-called Rassini pipeline was an investment worth $632 million.

Reporting by Sharay Angulo; Editing by Frank Jack Daniel

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