November 8, 2019 / 6:44 PM / in 4 months

US development agency to finance Mexico natural gas pipeline

MEXICO CITY, Nov 8 (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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