Built to allow Argentina to transport gas to Chile, the 600-kilometre pipeline stopped operating in 2005 when the former’s gas production could no longer sustain exports. As gas production is expected to increase in the near future due to the addition of shale gas from Vaca Muerta, GNF has decided to reopen the pipeline.
The company will also add a compressor station, expanding the pipeline’s capacity from 7.5 mcm (265 mcf) per day to 12.5 mcm (441 mcf) per day. Both YPF and ExxonMobil already hold permits to use the additional capacity to export gas from their Vaca Muerta projects to Chile.
GNF holds a 56.7% stake in the Argentinian side of the Pacific gas pipeline, and a 60% stake in the Chilean side.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.