Enbridge Inc. has it’s eyes set on Mexico. The company’s CEO Al Monaco said, “they’re obviously in significant need of pipeline infrastructure.”

The comment comes at a time when Mexico is opening its doors in its energy sector to international investment. A move that would put an end to the governments more than seven decade long monopoly.

Mexico’s President Enrique Pena Nieto signs into law a reform of the country’s energy
Courtesy: Reuters

While he’s looking towards Mexico, Monaco says he’s not ready to jump,“we’re going to watch to see how these regulations work through and we’ll keep our finger on the pulse and see where we go there.”

TransCanada Corp. has taken a more aggressive approach with two pipelines up and running and expansion plans in the works.

(source: Chronicle Herald & Canadian Press)