Ministers Sign Gasoducto del Sur Pipeline Agreement

The energy ministers of Bolivia, Paraguay and Uruguay have signed memorandums of adhesion that formally establish the countries' participation in the Gran Gasoducto del Sur pipeline project.

The pipeline would run from Venezuela through Brazil and on to Argentina to increase natural gas supplies on the continent, Venezuela's state oil company PDVSA said in a statement.

The US$25bn project, which would entail from 8,000-15,000km of pipe and 5-7 years construction time, is based on Venezuela's long-standing claim of over 150 trillion cubic feet in "probable" reserves.

The adhesion agreement was signed at a meeting in Argentina of the Mercosur regional trade bloc.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Petroleum Inspection Manager
Expertise: Field Service Tech|Marine Surveying|Surveying
Location: New Orleans, LA
 
Fluids Plant Operator
Expertise: Maintenance Technician|Mud Engineer / Drilling Fluids|Refinery / Plant Operator
Location: Monahans, TX
 
Nitrogen Transport Driver
Expertise: Heavy Machinery Operator|Truck / HGV Driver
Location: Dayton, OH
 
search for more jobs

Brent Crude Oil : $56.86/BBL 0.76%
Light Crude Oil : $50.66/BBL 0.21%
Natural Gas : $2.959/MMBtu 0.30%
Updated in last 24 hours