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Argentina's Chaco seeks CAF financing for gas pipeline

Bnamericas
Argentina's Chaco seeks CAF financing for gas pipeline

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.

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.

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