Investment in Natural Gas Pipelines in the Southern Cone of Latin America
Increasing demand for clean energy sources is expanding investment in natural gas infrastructure around the world. Many international projects involve pipelines connecting energy markets in two or more countries. A key feature of investment taking...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2000/04/437802/investment-natural-gas-pipelines-southern-cone-latin-america http://hdl.handle.net/10986/21923 |
| Summary: | Increasing demand for clean energy
sources is expanding investment in natural gas
infrastructure around the world. Many international projects
involve pipelines connecting energy markets in two or more
countries. A key feature of investment taking place in Latin
America is the convergence of gas and electricity markets.
Many projects are being developed to supply gas to new power
generation plants needed to meet electricity demand.
Construction of a pipeline over the Andes mountains to
supply gas from Argentina to energy markets in central Chile
was an idea long unfulfilled for political, economic, and
technical reasons. Great changes have now taken place in a
very short time. The author discusses both the achievements
and the challenges to be faced by pipeline developers and
Chiles energy sector. He details the benefits of the
cooperative effort to consumers in terms of lower energy
prices, higher environmental standards, and a more reliable
energy system. The experience in Latin Americas southern
cone shows how technological innovation, economic
deregulation, and regional integration make it possible to
build major international gas pipeline projects within a
competitive framework, and without direct state involvement. |
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