Transredes Board Approves US$55mn Pipeline Expansion Plan

Bolivian gas transporter Transredes' board has approved a US$55.3mn investment plan for the expansion of three pipelines, the company said in a statement.

At an estimated US$26.4mn, the third phase of the Altiplano pipeline (GAA) represents the largest project approved by the Transredes board.

The expansion works aim to increase transport capacity 5Mf3/d (142,000m3/d) in the Parotani-Senkata branch of the pipeline to a total 33Mf3/d.

The works will be carried out in 2007 with a focus on the Oruro-Senkata branch, thereby increasing supply in Parotani.

The other two pipeline expansion projects approved by the board include Villamontes-Tarija and Carrasco-Cochabamba.

The expansion of the Villamontes-Tarija pipeline will have two phases, the first of which involves a US$4.6mn investment to increase capacity to 8.8Mf3/d.

The expansion comes under the framework of an agreement signed with state gas distributor Emtagas that stipulates transport works begin by mid-2007.

The second phase of the expansion will bring transport capacity up to 13.8Mf3/d by the beginning of 2008 for US$20.9mn.

Finally, Transredes will invest US$3.4mn to design the expansion of the Carrasco-Cochabamba pipeline and carry out an environmental impact study.

Transredes is 50% owned by the TR Holdings consortium in which Anglo-Dutch oil major Shell (NYSE: RDS-B) and US energy company Prisma Energy hold equal shares. State oil company YPFB holds 34%.

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