Baker McKenzie advised Engie on the closing of the first stage of financing for the Mayakan Gas Pipeline, for US$2.5 billion of senior debt and a US$300 million VAT facility, in a strategic project for the current national energy landscape, and key to the development of the Yucatan Peninsula.

With the closing of this financing, Baker McKenzie consolidates its position as the strategic advisor in the energy and infrastructure sector, having participated in two of the most relevant projects in the current administration, such as this 690-kilometer extension to the existing gas pipeline that runs from Cd. Pemex, Tabasco, to Valladolid, Yucatan, and the purchase of 13 plants by the Mexican government from Spanish company Iberdrola.

The goal of the Mayakan project is to guarantee the supply of natural gas for the production of electricity in the Yucatán peninsula by Mexico's Federal Electricity Commission (CFE), and will double the transportation capacity of this strategic asset, from 250 to 567 million cubic feet per day; it will also improve the interconnection with existing pipelines, such as the Puerta del Sureste project, which provides natural gas by sea from Brownsville, Texas, to Tuxpan and Coatzacoalcos, in Veracruz; and Paraíso, Tabasco, which will interconnect with Mayakan in Cactus, Chiapas.

Led by partners Benjamín Torres Barrón and Daniel E. Sánchez, the Baker McKenzie team included Federico Ruanova, Carlos Maass, Pedro Vázquez, and Diana Navarrete.

Baker McKenzie is at the forefront of market-leading deals within this context. The Firm's multidisciplinary global team helps energy producers, investors and users forge their energy transition journey in an increasingly complex regulatory environment, enabling them to transform, powerfully.

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