Argentina's Chaco seeks CAF financing for gas pipeline

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Thursday, September 22, 2016

Argentina's Chaco province is in talks with Latin American development bank CAF to secure US$52mn in financing for a residential natural gas distribution pipeline network.

The project would allow gas transported via the GNEA pipeline, which is currently under construction, to reach 70% of Chaco's population, a provincial government statement said.

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Governor Domingo Peppo met with the multilateral organization's Argentina director, Rubén Ramírez, to discuss the status of the pending loan.

In Argentina, 60% of homes have access to piped natural gas, according to the energy and mining ministry.