Exclusive: Paraguay pushes rival bid for $1.5 billion Argentina-Brazil gas connector

📆 07/05/2024 09:32 a. m.
📰 Reuters

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Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters.

MONTEVIDEO, May 7 -

As declining gas output in Bolivia forces Brazil to look for other suppliers, the potential option of gas coming from Argentina's booming Vaca Muerta shale region via the Paraguayan Chaco is gaining traction, said Rodrigo Maluff, Paraguay's vice minister of investment. It would involve an estimated investment of $1.2-$1.5 billion, partly from the private sector, he added.

"We agreed to set up another meeting with the private sector to better study the viability," Silveira said.

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