Argentina and Paraguay have signed a memorandum of understanding to construct a natural gas pipeline, a project poised to significantly reshape energy distribution in the Southern Cone. The agreement establishes a binational technical working group tasked with conducting comprehensive feasibility studies. The pipeline’s primary purpose is to transport natural gas from Argentina’s Vaca Muerta field in Neuquén province, recognized as one of South America’s most prolific deposits. Brazil has also expressed keen interest in the project, with potential plans for the pipeline to extend into Brazilian territory via the Carmelo Peralta-Porto Murtinho border crossing. This expansion could eventually see the pipeline reaching the Atlantic coast in Brazil and even the Pacific coast in Chile, living up to its “Bioceanic” moniker.
SOURCE: PIPELINE JOURNAL
https://www.pipeline-journal.net/news/argentina-and-paraguay-ink-deal-landmark-gas-pipeline