Sace backs Mexican gas pipeline project

(Global Trade Review, London, 11 October 2017) Italian engineering, procurement and construction (EPC) contractor Sicilsaldo has secured an €80mn contract for a gas pipeline project in Mexico, with the backing of Italian export credit agency Sace. “Sace has backed 80% of the €80mn”, a spokesperson for Sace tells GTR. The contract is part of a 560km gas pipeline project that will cross the states of Chihuahua and Sonora. Price tagged at US$560mn, the pipe will have capacity of over 550 million cubic feet.