Paraguayan Ambassador and Asunción’s Vice-Minister of Mines and Energy met with Argentina’s Energy Secretary to advance discussions on a bioceanic gas pipeline project. The talks focused on drafting a memorandum of understanding and outlining steps for gas integration between the two nations. The proposed 1,050-km pipeline, with 530 km through Paraguay, aims to connect Argentina’s gas reserves to Brazil’s demand, requiring an estimated US$ 2 billion investment. The private sector was deemed crucial for infrastructure development to enhance energy security and regional benefits, the Paraguayan Embassy in Argentina reported on social media.
SOURCE: MERCOPRESS