Howard Midstream Energy Partners, LLC (HEP) recently announced that its subsidiary, Nueva Era Pipeline, LLC has closed on USD $353.3 million in project financing for the construction of the Nueva Era pipeline project.
A 50-50 joint venture between HEP and Mexico-based energy and services firm Grupo CLISA, the Nueva Era pipeline project will connect HEP’s existing Webb County Hub in South Texas directly to Monterrey, Nuevo León, Mexico.
Construction activities began early in 2016 on the approximately 200-mile Nueva Era pipeline, which will provide seamless transportation service for approximately 600 million cubic feet per day of natural gas, connecting producers in South Texas directly with end-users in northern Mexico.