Shawcor Awarded $500 Million Pipe Coating Contract in Southeast Mexico TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. ("Shawcor" or the "Company") (TSX: SCL ) today announced that its pipe coating division ("Pipeline Performance Group" or "PPG") has received a formal contract valued at approximately C$500 million from Transportadora de Gas Natural de la Huasteca, S. de R.L. de C.V. ("TGNH"), the Mexican subsidiary of TC Energy Corporation ("TC Energy"), to supply pipe coating services on the Southeast Gateway Pipeline project ("SGP"), an offshore natural gas pipeline in southeast Mexico. In support of this project, which reached a final investment decision ("FID") this month, Shawcor will mobilize facilities and apply concrete weight coating to approximately 706 km of 36-inch diameter pipe that will connect the TGNH facilities in Tuxpan, Veracruz offshore to Coatzacoalcos, Veracruz and onward to Dos Bocas, Tabasco. Facility mobilization will start in Q3 2022 with coating expected to begin early in 2023 and take approximately one year to complete.