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New gas pipeline in Argentina promises more domestic supply

Argentine officials celebrated the formal kick off of a significant natural gas pipeline on Monday, a task that will offer supply from the nation's. growing shale advancement to both homes and businesses as well. as eventually permitting exports.

The start of operations for the Northern Gas. Pipeline, coming from western Neuquen province, will put an. end to imports from surrounding Bolivia while moving supply to. population centers in northern provinces.

Neuquen is home to the enormous Vaca Muerta shale development,. Argentina's main wish for extra domestic oil and gas. production that might end the need for costly foreign materials.

The newly-inaugurated job cost $710 million, with $540. million funded by the World Bank and the Development Bank of. Latin America and the Caribbean.

The government in a declaration touted the possibility of. future gas exports to buyers in Bolivia, Chile and. Brazil, marking a turnaround in longstanding Argentine energy. flows.

The task included the turnaround in the direction of gas. proceeding the Northern Natural Gas Pipeline, in addition to the. building and construction of the La Carlota-Tio Pujio pipeline.

(source: Reuters)