Accord signed for Venezuela-Argentina gas line

01/09/2006
Presidents Hugo Chavez of Venezuela, Néstor Kirchner of Argentina, and Luiz Inácio Lula da Silva of Brazil, on Dec. 9 signed an accord for the construction of an 8,000-10,000 km pipeline to transport natural gas from Venezuela to Argentina through Brazil and Uruguay. The line would cost $10-17 billion and could take 5 years to construct.The presidents signed the agreement in Montevideo during an annual meeting of Mercosur at which Venezuela was accepted as a member.Petroleos de Venezuela SA, Andean Development Corp., and Brazil’s National Economic and Social Development Bank have signed an agreement to work jointly on financing the project. Other public institutions an...
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