Enagas: Chile Could Join South American NatGas Pipeline Project

Chile, which depends heavily on imported gas, could join South America's Gran Gasoducto del Sur natural gas pipeline project, Venezuela's gas regulator Enagas head Jorge Luis Sanchez told BNamericas.

"The idea is for all the countries along the pipeline's path to get involved," Sanchez said. "Chile should sign up next per our schedule."

Already, Venezuela's President Hugo Chavez and his Chilean counterpart Michelle Bachelet have discussed the issue.

Making the most of Venezuela's vast yet underexplored natural gas reserves has become the top priority on Chavez's agenda. Bachelet's government is trying to diversify its energy mix given natural gas restrictions and a pending price increase from Argentina.

Enagas is in charge of the pipeline project in Venezuela.

The US$20bn, 15,000km pipeline project started as a way for Argentina and Brazil to buy Venezuelan gas. Two-weeks ago, Bolivia became a partner just weeks after nationalizing its hydrocarbons assets.

Cabinet-level representatives from the following six countries signed an agreement last week to develop the pipeline: Argentina, Bolivia, Brazil, Paraguay, Uruguay and Venezuela.

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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator
Expertise: Heavy Machinery Operator
Location: Williston
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
Commercial Engineering Analyst - Refinery
Expertise: Commercial Management|Refinery Specialist|Refinery Staff
Location: Baton Rouge, LA
search for more jobs

Brent Crude Oil : $52.67/BBL 1.91%
Light Crude Oil : $51.6/BBL 2.60%
Natural Gas : $3.17/MMBtu 2.76%
Updated in last 24 hours