Mexico has reached a preliminary deal to resolve a monthslong conflict over natural-gas-pipeline contracts
MEXICO CITY—The administration of Mexican President Andrés Manuel López Obrador has reached a preliminary agreement with four private energy companies to resolve a monthslong conflict over natural-gas-pipeline contracts, according to people with direct knowledge of the talks.
Under the terms of the agreement, which could be announced as early as Tuesday, Mexico will pay higher fees to ship gas through the pipelines for the next 10 years, but ultimately will realize nominal savings of about $600 million, according to an analysis...
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