Norton Rose Fulbright advises Sempra on US$500 million sale of Ecogas México

A cross-border team from Norton Rose Fulbright advised energy infrastructure company Sempra on the approximately US$500 million sale of its subsidiary Ecogas México (Ecogas), a natural gas distribution network serving more than 600,000 residential, commercial and industrial customers across Mexico. The deal closed on August 20, 2026.

Sempra plans to redeploy the proceeds from the sale into its US$65 billion five-year capital plan, with more than 95 percent of planned investments directed toward regulated utility infrastructure. The sale also advances the company's capital recycling strategy, helping simplify its business model and strengthen its financial position.

"This transaction demonstrates how energy companies are using strategic asset sales to strengthen their financial flexibility and fund significant investments in regulated utility systems," said Craig Vogelsang, who co-led Norton Rose Fulbright's representation. "As utilities across North America continue to modernize and expand their networks, deals like this are becoming an increasingly important tool for supporting long-term infrastructure growth."

Norton Rose Fulbright's team was led by Craig Vogelsang (Houston) and César Fernández (Mexico City), and included Alex Niebruegge (Houston), Itzell Mendez and Felipe Creus (Mexico City).

The firm's global corporate, M&A and securities lawyers advise corporations, investors and financial institutions on some of the most high-profile, complex and significant transactions in the market, including public takeovers, private M&A, joint ventures, disposals, debt and equity capital markets, governance, general commercial and corporate advisory matters. With lawyers in key financial centers around the world, the team regularly guides clients through sophisticated deals across multiple jurisdictions and industry sectors.