LNG

July 11 (LNGJ) - Two LNG and natural gas market players, the French energy company Engie and the Australian bank Macquarie, have signed a joint venture deal to expand a Mexican gas pipeline system. The partnership involves Macquarie acquiring a 50 percent stake to help finance the construction of a 700-kilometres (435-mile) natural gas pipeline.

   The enterprise value of the Mayakan project will be around $3 billion. The new pipeline will double the natural gas transportation capacity for the Yucatán Peninsula and when completed will pass through the states of Chiapas, Tabasco, Campeche and Yucatán.