USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

147

Bolivia Will Help Argentina Avoid Economic Slowdown

Argentina and Bolivia will sign a deal in September for the construction of a pipeline to increase...

Bolivia Will Help Argentina Avoid Economic Slowdown

Argentina and Bolivia will sign a deal in September for the construction of a pipeline to increase natural gas deliveries to Argentina, the country's Planning Minister Julio De Vido said Wednesday.

The construction of a 1,200-kilometer (744-mile) pipeline with a capacity of 20 million cubic meters/day will cost $2.5 billion.

The project will make it possible to increase gas exports from Bolivia to Argentina to a maximum of 27.7 million cu m/d, up from a current 7.7 million, helping alleviate a tight supply of energy that is threatening to slow the Argentine economy.

Argentina's and Bolivia's state oil companies, Enarsa and YPFB respectively, are drafting blueprints for the pipeline, called GNEA.

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