Mexico's Urzua Optimistic on Solving Pipeline Dispute
- Project by U.S., Canadian companies was halted by CFE June 26
- Local authorities are seeking refund for capacity fees
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Mexico’s Finance Minster, Carlos Manuel Urzua, expressed optimism about a prompt solution of the dispute over the construction of a pipeline by Infraestructura Energetica Nova SAB, a unit of a U.S. company, and Canada’s TC Energy Corp.
Urzua met on the sidelines of G-20 meeting in Osaka, Japan, with Canada’s Finance Minister, Bill Morneau, and discussed the issue. “We hope the problem will be solved very soon,” Urzua told reporters in a video-conference, adding he’s hopeful “no international arbitration will be needed, and simply an agreement can be reached between the parties.”