Home » Business » CABEI Approves $185 Million Loan for Expansion of Gas Pipeline President Nestor Kirchner

CABEI Approves $185 Million Loan for Expansion of Gas Pipeline President Nestor Kirchner

Official information shows that this Tuesday the Central American Bank for Economic Integration (CABEI) approved a loan of 185 million dollars allocated to the expansion of the Gas Pipeline President Nestor Kirchner. The funds will be allocated to the compression plants that make up the segment of work that has not yet been tendered.

The works, which now have funds, include the construction and provision of 4 turbochargers along the gas pipeline. “Two additional ones to those of Tratayén and Salliqueló and two new ones at the height of Chacharramendi, which will increase the transport capacity by 9.5 million cubic meters per day”, reports an official statement.

The loan was managed jointly between Energía Argentina and the Secretariat of International Economic and Financial Affairs, of the Ministry of Economy, in charge of Marco Lavagna. The total investment in the project is 200 million dollars.

“This loan constitutes strong support for the gas pipeline expansion program that we are carrying out and it shows that with planning, effort and commitment, Argentines can face fundamental works to value our Vaca Muerta gas”, affirmed the president of Energía Argentina, Agustín Gerez.

As detailed, the compression plants are necessary to ensure the supply of the second stage of the The President Néstor Kirchner gas pipeline, which has not yet been tendered and which will make it possible to “definitively change the energy and production matrix of our country”.

The pipeline currently injects to the trunk network 11 million cubic meters per day and it is expected that once the compression plants of Tratayén and Salliqueló are built will reach 21 million cubic meters per day. With the works financed by CABEI, that volume will reach 30 million cubic meters per day.


2023-08-30 01:20:21
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