Techint, Camargo, Odebrecht Eye GNA Pipeline Project

Argentine construction firm Techint, Brazilian construction firms Camargo Correa and Odebrecht and North American firms are interested in developing the Gasoducto del Noreste Argentino (GNA) gas pipeline that would link Bolivia and Argentina.

Bolivia and Argentina's respective state oil companies YPFB and Enarsa will tender the US$1bn project with construction expected to begin in 2007, Argentina's federal planning ministry said on its website, citing local press reports.

The project was initially granted to Techint, but Argentina later decided to tender the works.

The pipeline would increase Argentina's current 7.7Mm3/d gas import capacity by 20Mm3/d in accordance with the bilateral agreement signed in October.

The countries also established a US$5/MBTU export price in June. The price agreement will remain in place until year-end, when a new price will come into effect based on a formula derived from various international market prices.

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