Five Companies Interested in Peruvian Ica Gas Pipeline

Spanish Gas Natural, U.S. Energy Transfer and Colombian Promigas, Invercolsa and TGI, are interested in participating in the construction and operation of the $63 mln (44.5 mln euro) gas pipeline to Ica, in southern Peru, local investment promotion agency ProInversion said on October 10, 2007.

Gas Natural, Energy Transfer and Promigas have already bought the package of documents for the participation, while Invercolsa and TGI expressed interest to participate.

Gas Natural specialises in natural gas supply, distribution and sale, and operates in Spain, Mexico, Argentina, Colombia, Brazil, Italy, Puerto Rico and Morocco.

Energy Transfer, in turn, acts in the area of the transportation, storage and wholesale of natural gas in the United States.

The international tender for the concession was launched in August 2007 and is scheduled to finish in January 27, 2008. The concession of the Ica-Pisco-Marcona-Nazca gas pipeline is for a 30-year period. The winner in the tender will be responsible for the pipeline design, construction, operation and maintenance.

There are possibilities the total investments in the project to expand to $180 mln (126.4 mln euro), if additional demand is secured before the end of the concession contract.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: October 11, 2007

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