Argentine Techint To Start 408 KM Gas Pipeline Construction in Jan 2008

Argentine industrial group Techint will start the construction of a 408 km long gas pipeline in Peru in January 2008, general manager of Peruvian gas exports consortium, Peru LNG, Barbara Bruce, said on November 15, 2007.

The gas pipeline will transport liquefied natural gas (LNG) of the Camisea field. It will start from the Ayacucho department and will reach the gas liquefaction plant in Pampa Melchorita on the Pacific coast of the country, run by Peru LNG. Between 10 pct and 15 pct of that plant is already concluded and some 85 pct of the equipment is bought.

The first ship, which will transport natural gas to Mexico, is expected to sail in May 2010. The capacity of each ship will round 170,000 cu m of LNG and every fourth day a ship will sail to Mexico.

The exports of gas from Camisea are awarded to Peru LNG, formed by U.S. energy group Hunt Oil, South Korea's SK Corp, Algerian Sonatrach, and Argentine Pluspetrol and Techint. Pluspetrol Peru Corporacion SA, local subsidiary of Argentine Pluspetrol, operates the gas field.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: November 16, 2007

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