Paraguay, Uruguay to pursue greater energy integration

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Monday, July 21, 2014

Paraguay's President Horacio Cartes and his Uruguayan counterpart José Mujica agreed to advance bilateral and regional energy integration efforts.

The announcement followed a meeting in Paraguayan capital Asunción where the heads of state inked a joint declaration for cooperation on several fronts including energy.

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Cartes and Mujica tasked their countries' respective institutions with establishing the technical and commercial conditions for Uruguayan offtake of Paraguayan electricity in the short term.

The presidents also highlighted the need to call a meeting for regional bloc Urupabol, which includes Bolivia.

Urupabol's development plans envision the export of Bolivian LNG to Paraguay and Uruguay along the Paraguay-Paraná waterway.

In May, the Paraguayan and Uruguayan state oil companies Petropar and Ancap inked a deal to work on joint plans and projects.

BNamericas will host its second LatAm Oil & Gas Summit in Houston, Texas, on September 10-11. Click here to download the agenda.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.