Ministers to Meet over Gasoducto del Sur Pipeline in December


Energy ministers from Argentina, Brazil, Bolivia and Venezuela are due to meet in December to discuss the Gran Gasoducto del Sur natural gas pipeline project, a Venezuelan government official told BNamericas.

Bolivia probably will host the meeting in the second week of December, according to Venezuela's gas regulator Enagas president Jorge Luis Sanchez.

"This will be the third time they have met," he said. "The second time was earlier this year in Caracas when Bolivia officially came on board."

Bolivia's May nationalization delayed the project as it threw into doubt Brazil's investment in the landlocked country's gas industry.

Venezuela's energy and oil minister Rafael Ramirez has since said the pipeline project is moving "full speed ahead."

Venezuela estimates the project would cost US$25bn and cover 8,000-15,000km, starting in Venezuela, crossing Brazil and ending in Argentina. The pipeline possibly could supply Uruguay and Paraguay as well.

Venezuela would be the main contributor of gas for the project, although Bolivia would use existing pipeline infrastructure to place additional volumes.

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